Question

Karim bought 150 dzens pencils at Rs 10 a dozen, His overhead expenses were Rs 1000. He sold them at Rs 1.20 each. What wa his profit or loss %

Answer 1

Answer:

There has been a loss 13.6 %

Step-by-step explanation:

Total number of pencils = 150 × 12 = 1800 pencils

Cost of 12 pencils = ₹ 10

Cost of 1 pencil = ₹ 10/12

Cost of 1800 pencils = 10/12 × 1800 = ₹ 1500

Overhead expenses = ₹ 1000

Total cost = 1500 + 1000 = ₹ 2500

Selling price of 1 pencil = ₹ 1.20

Selling price of 1800 pencils = 1800 × 1.20 = ₹ 2160

Clearly , there has been a loss as Cost price is greater than Selling price.

Loss % = {(Cost price - Selling price)/ Cost price} × 100

= {( 2500 - 2160 ) / 2500 } × 100

= 340/2500 × 100

= 13.6 %

Therefore , there has been a loss % of 13.6 % .

I hope it helps you. If you have any doubts , then don't hesitate to ask.