Question

Karim baught 150 dozen pencils at 10 rs a dozen. His overhead expences was rs 100. He sold at rs 1.2 each . What ws loss or gain percenr ?

Answer 1

CP of 150 dozen (150x 12 = 1800eggs) = 10 x 150 = 1500

Cost of one egg = 1500/1800 = Rs.0.83

SP of one egg = Rs.1.2

Gain = 1.2 - 0.83 = 0.37

Gain percent = 0.37/0.83  x 100 = 44.58%