Nachiket

A man sold 12 pens for cost price of 15 pens. Profit is ........%?

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3+ months ago by Nachiket
Topics:
man, price, pen, cost, profit
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Answers (3)

Atlas_

15/12 = 1.25 changed to a percentage = 125%

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PhiBonacci

c = cost price each (of 15 pens)
s = selling price

12s = 15c
s = 15/12 * c
s = 5/4 * c

s = c (4/4 + 1/4)

or, in percentages

s = c (1 + 0.25).

So, the profit is 25%.

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Jewels Vern

If 15 pens cost $15 and sells 12 pens for $15 then the sale price was $1.25 and that makes his MARKUP 25%. Markup is not profit. You have to deduct expenses, wages and overhead to figure profit.

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