Question

Harbhajan bought a case of 10 pencils for Rs 12.50. He sold the pencils at Rs 1.50 per pencil. What was his profit or loss?

Answer 1

Cost price of 10 pencils = Rs 12.50
Selling price of 1 pencil = Rs 1.50
∴ Selling price of 10 pencils = Rs 1.50 × 10 = Rs15
Here, selling price is greater than cost price.
So, he makes a profit.
Profit = SP – CP = Rs 15 – Rs 12.50 = Rs 2.50