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Topic: Profit and Loss
Ex: 7a, page no. 92
cost price
12
Q1. A man purchased a dozen pens for Rs 25 each and sold them at Rs 28
each. Find the total profit as well as the profit per cent on the transaction.
Ans. Solution:​

Answer 1

RS 36

12%

Explanation:

Profit = total selling price - cost price

(28 - 25) x 12 = 36

Percentage profit = (profit / cost price) x 100

Cost price = 25 x 12 = 300

(36/300) x 100 = 12%