Question

Prem bought 150 dozen pen pencil at rs 20 per dozen his over head expenses were rs 200 he sold them rs 2.40 each what was his profit or loss percent

Answer 1

Total price of pencils:

150 dozen X Rs. 10/dozen = Rs. 1500/-

Add the overhead expenses to this amount → 1500 + 100 =Rs 1600/-

150 dozen= 150 X 12= 1800

Now each pencil is sold at Rs 1.20.

Selling price of 1800 pencils → 1800 X 1.20 =Rs 2,160/-

He gains a profit of Rs 560 against an initial investment of Rs. 1600

Profit % → 560/1600 = 35%