Karim bought 150 dozen of pencils at Rs.10 a dozen. His overhead expenses were Rs.100. He sold them at Rs. 1.20 each. What was his profit or loss percent?


Given:

Karim bought 150 dozen of pencils at Rs.10 a dozen. His overhead expenses were Rs.100. He sold them at Rs. 1.20 each.

To do:

We have to find his profit or loss percent.

Solution:

Cost price of 12 pencils$=Rs.\ 10$. Cost price of 150 dozen pencils$=Rs.\ 10\times150=Rs.\ 1500$. Overhead expenses$=Rs.\ 100$. Total cost incurred$=Rs.\ (1500+100)=Rs.\ 1600$. 

Selling price of 1 pencil$=Rs.\ 1.20$

Selling price of 150 dozen pencils$=Rs.\ 1.20\times150\times12$

$=Rs.\ 2160$

Therefore,

Profit earned$=Rs.\ (2160-1600)=Rs.\ 560$.

Profit percentage$=\frac{560}{1600}\times100$%

$=35$%

Profit per cent of Karim is 35%.

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Updated on: 10-Oct-2022

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