Question

Shelly bought 150 dozen envelops for $25 a dozen. Her overhead expenses were $100. She sold each envelops for $3. Find her gain per cent.

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Answer 1

Answer:

40.2%

Step-by-step explanation:

Cost of 1 dozen envelops = $25

Number of dozens purchased = 150

Total C.P. = $3750 + $100 = $3850

S.P. of 1 envelop = $3

Total S.P. = $5400

Gain = $5400 - $3850 = $1550

Gain % = 1550/3850 x 100 = 40.2%