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A shopkeeper bought 5 dozen pencils for Rs. 300 and sold them for Rs. 6 each. Find his profit or loss.

a) Profit of Rs. 120
b) Profit of Rs. 150
c) Loss of Rs. 60
d) Loss of Rs. 90

User Pratski
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1 Answer

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Final answer:

The shopkeeper made a profit of Rs. 60 by buying 5 dozen pencils for Rs. 300 and selling them at Rs. 6 each, for a total revenue of Rs. 360. This indicates there's a discrepancy in the provided answer choices.

Step-by-step explanation:

To find the shopkeeper's profit or loss, we need to calculate the total cost and the total revenue, then subtract the cost from the revenue. The shopkeeper bought 5 dozen pencils for Rs. 300. Since one dozen equals 12 pencils, 5 dozen pencils are 5 × 12, which is 60 pencils. The shopkeeper sold each pencil for Rs. 6. So, the total revenue from selling all pencils is 60 × Rs. 6, which equals Rs. 360.

Now, let's calculate the profit or loss using the following formula: Profit/Loss = Total Revenue - Total Cost.

Total Revenue = Rs. 360

Total Cost = Rs. 300

Profit/Loss = Rs. 360 - Rs. 300 = Rs. 60.

Since the result is positive, the shopkeeper made a profit. Therefore, the answer to the question is a) Profit of Rs. 60, which is not listed in the options provided. This could be a typo or error in the provided options.

User Chungzuwalla
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