Question

Karim bought 150 dozen pencil at rupees 20.his overhead expenses were rupees 200. he sold the pencil at rupees 2.40 each.what was his profit or loss percent?​

Answer 1

IF COST OF 1 DOZEN PENCILS IS RS 20 THEN COST OF 150 DOZEN PENCILS=150*20=3000

TOTAL CP=CP+OVERHEAD EXPENSES=3000+20=3020

150 DOZEN PENCILS=150*12=1800 PENCILS

IF 1 PENCIL IS SOLD AT RS 2.40 THEN 1800 PENCILS ARE SOLD FOR 1800*2.40=4320

HENCE SP>CP SO IT IS PROFIT.

PROFIT=SP-CP=4320-3020=1300

HENCE PROFIT%=PROFIT/CP*100

=1300/3020*100=43.046%         (APPROXIMATELY)

Answer 2

Answer:

74.07% approx.

Step-by-step explanation:

Number of pencils he bought = 150×12 = 1800

CP= (150×200)+200 = 3000+200=3200

SP= 1800×2.40=4320

It was a profit since 4320>3200

x/100 of 4320

x/100×4320/1=3200/1

x/1×4320/1=3200/1×100/1=320000

x=320000/4320=74.07

So it was a profit of 74.07%