Question

Andy purchased 120

pencils at the rate of
$2 per pencil the sold 72
of them at the rate of $2. 5
per pencil and the remaining
eat the rate of $2 per pencil
Find his profit or loss percent. ​

Answer 1

Explanation:

120 × 2.00 = 240.00 > amount spent

72 × 2.50 = 180.00

120 - 72 = ((48) ×2.00) = 96.00

180 + 96 = 276.00 > amount earned

profit percent = (gross profit) $36.00/ 240.00 (cost) × 100 = 15%