A shopkeeper buys 2 dozen brushes at the rate of Rs. 10 per dozen. If he sold it Rs. 1 per brush what is the profit?
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A shopkeeper buys 2 dozen brushes at the rate of Rs. 10 per dozen. If he sold it Rs. 1 per brush what is the profit?
To find the profit, we need to calculate both the cost price and the selling price, then find the difference between them. 1. **Cost Price (CP):** - The shopkeeper buys 2 dozen brushes. - 1 dozen = 12 brushes. - Therefore, 2 dozen = 2 × 12 = 24 brushes. - The rate is Rs. 10 per dozen, so forRead more
To find the profit, we need to calculate both the cost price and the selling price, then find the difference between them.
1. **Cost Price (CP):**
– The shopkeeper buys 2 dozen brushes.
– 1 dozen = 12 brushes.
– Therefore, 2 dozen = 2 × 12 = 24 brushes.
– The rate is Rs. 10 per dozen, so for 2 dozen: CP = 2 × 10 = Rs. 20.
2. **Selling Price (SP):**
– The shopkeeper sells each brush for Rs. 1.
– For 24 brushes: SP = 24 × 1 = Rs. 24.
3. **Profit:**
– Profit = Selling Price (SP) – Cost Price (CP).
– Profit = Rs. 24 – Rs. 20 = Rs. 4.
Therefore, the profit is Rs. 4.
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