Question

Rupesh bought 100dozen pencils at rupees 20per dozen .He sold the pencils at rupees 2each.what was his profit or loss

Answer 1

Cost of one dozen pencil =20 rs

total number of pencils =12 ×100

=1200

Cost of 100dozen pencils = 20×100

2000rs

SP of 1pencil =2 rs

SP of 1200 pencils = 1200×2 = 2400

SP>CP, it is profit

Profit= 2400-2000= 400 rs