Question

Karim bought 150 dozen pencils at Rs.10 a dozen. His overhead expenses were Rs.100. He sold them at Rs. 1.20 each . What was his profit or loss percent?

Answer 1

Cost price = 150×10 = 1500
Overhead expenses = 100
Total =1600
Selling price = 150×12× 1.20 = 2160
Hence profit = 2160- 1600 = 560
Percentage of profit = (560/ 1600)×100%

=35%

Answer 2

Answer:

35%

Step-by-step explanation:

Sp = 1.2×12×150 = ₹2160

Cp = 150×10+100= ₹1600

Its profit

Now % profit = profit /CP *100

= 560/1600*100 = 35%

HOPE IT CLEARS