Question

Karim bought 150 dozen pencils at rupees 10 a dozen .his overhead expenses were rupees 100. he sold them at rupees 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%

Answer 2

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