Question

A store buys 12 pens for 11.28. The store sells each pen for 1.99. What is the stores profit per pen

Answer 1

Cost of a dozen pens = GH$ 4.80

Selling price of a dozen pens = GH$ 48*12/100

= 5.76

Total profit percent = S.P-CP*100/CP

5.76-4.8*100/4.8 = 20%