Question

Rupesh bought 100 dozen pencils at 20 per dozen. He sold the pencils at 2 each. What was his profit or loss per cent?
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Answer 1

Answer:

233.3% profit

Step-by-step explanation:

C.P for 1 pencil 12/20=0.6

p

Profit= 1.4

%= 1.4/0.6*100= 233.33

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Answer 2

In context to the question given it is asked to find what was the profit or loss percentage as per the definition of percentage it means divide by 100

the following data is given as follows

Rupesh bought 100 dozen pencil

at 20/dozen

cost of 1 dozen pencil =

$12\times 2\\=24$

selling cost  of 1 dozen pencil=24

he bought cost of 1 dozen pencil=20

so Rupesh gain total amount=

$100\times24\\=2400$

but he bought 100 dozen pencil =

$100\times20\\=2000$

gain=2400-2000

gain=400

% profit=$\frac{2000}{2400}\times 100$

83%