Multiple choice

Ganesh bought 50 dozen of pens at Rs. 6 per dozen. He spent Rs. 250 on a particular tax and he sold them at Rs. 1 per each pen. What was his profit or loss percent

  1. 9%

  2. 7.09%

  3. 9.09%

  4. 9.30%

  5. 7.60%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cost price = (50 * 6) + 250 = 300 + 250 = 550. Selling price = 50 * 12 * 1 = 600. Profit = 600 - 550 = 50. Profit percentage = (50 / 550) * 100 = 9.09%.

AI explanation

The total cost price for 50 dozen pens is 50 multiplied by 6, which equals Rs. 300. Adding the Rs. 250 tax gives a final cost of Rs. 550. He sells 50 dozen (600) pens at Rs. 1 each, making the selling price Rs. 600. Using the profit percent formula, ((600 - 550) / 550) * 100 = (50 / 550) * 100, which equals 9.09% profit.

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