Rahiem bought pens at $120 a dozen. He sold it for $15 each. What is his profit percent?
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Answer:
He gains profit of 20%
Step-by-step explanation:
CP of 1 dozen pens =$120
SP of 1 pen=$15
we know that
1dozen =12 pieces
SP of 1 dozen =$15*12=$180
profit =SP -CP=$180-$150=$30
profit %=(30/150)*100=20%
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