Fahim bought $120$ dozen pencils at $Rs.\ 10$ per dozen. His overhead expenses were $Rs.\ 80$. He sold them at $Rs.\ 1.25$ each. What was his profit or loss percent?

Given: Fahim bought $120$ dozen pencils at $Rs.\ 10$ per dozen. His overhead expenses were $Rs.\ 80$. He sold them at $Rs.\ 1.25$ each.

To do: To find his profit or loss percent.

Solution:

As given,

Dozens of pencils$=120$

Cost per dozen$=Rs.\ 10$

Therefore, cost of purchace $=120\times10=1200$

Overhead expenses$=Rs.\ 80$

So, Total cost $=1200+80$

Selling price $=Rs.\ 1.25$ each

Therefore, total selling price$=120\times12\times1.25=1800$

Therefore, Profit$=$Selling price$-$cost price

$=1800-1280=Rs.\ 520$

So, Profit %$=\frac{520}{1280}\times 100$

$=\frac{52000}{1280}$

$=40.625$ %
 

Updated on: 10-Oct-2022

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