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Karan purchased one dozen pens for Rs. 120/ - and sold a pack of 3 pens for Rs. 35/ - each. What is his gain?
- A16.67%
- B20%
- C15%
- D33.33%
Answer not set
Discussion 1
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CCommunity
From the given data,
Cost price of 12 pens = Rs. 120
⇒ Cost price of one pen = 120/12 = Rs. 10
Also, given that selling price of 3 pens = Rs. 35
⇒ Selling price of one pen = 35/3 = Rs. 11.66
Profit on one pen = selling price of one pen – cost price of one pen = 11.66 – 10 = Rs. 1.67
⇒ Profit percentage = profit/cost price × 100 = 1.67/10 × 100 = 16.67%
Cost price of 12 pens = Rs. 120
⇒ Cost price of one pen = 120/12 = Rs. 10
Also, given that selling price of 3 pens = Rs. 35
⇒ Selling price of one pen = 35/3 = Rs. 11.66
Profit on one pen = selling price of one pen – cost price of one pen = 11.66 – 10 = Rs. 1.67
⇒ Profit percentage = profit/cost price × 100 = 1.67/10 × 100 = 16.67%