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Mr. Saxena bought some pens at Rs. 150 a dozen. He sold them for Rs. 15 each. What is his profit/loss per cent?
Question

Mr. Saxena bought some pens at Rs. 150 a dozen. He sold them for Rs. 15 each. What is his profit/loss per cent?

A.

20% profit

B.

37.5% loss

C.

18.5% profit

D.

28.6% loss

Correct option is A

Given:

Mr. Saxena bought pens at Rs. 150 per dozen. 1 pen = 15012\frac{150}{12}= 12.5 Rs.​

He sold each pen for Rs. 15.

Formula used:

Profit percentage =ProfitCost Price \frac{Profit} {\text{Cost Price}}​ ×\times​ 100

Solution:

Profit = S.P.− C.P. = 15 − 12.5 = Rs. 2.5

Profit% = 2.512.5×100\frac{2.5}{12.5} \times 100 = 20%

​Hence, Mr. Saxena made a profit of 20%.

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