Question

Madhesh bought 100 dozen of pins at Rs.10 per dozen. He spent Rs.500 on a particular tax and he sold them at Rs. 1 per each pin. What was his profit or loss percent?

Answer 1

Answer:

12%

Step-by-step explanation:

1 dozen pins = 12 pins,

100 dozen pins = 1200 pins

Now, CP of 100 dozen pins = ₹(100×10) = ₹100

Tax = ₹500

Therefore, total CP = ₹(1000+500) = ₹1500

Now, SP of 100 dozen pins = ₹(1×12×100) = ₹1200

CP>SP which means there is a loss

Loss = ₹(1500 - 1200) = ₹300

Loss percent = loss/CP × 100

Therefore, loss % = (300/1500 × 100)% = 20%