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11. Ram buys a dozen pens for 24 and sells them at 2 for 5. Find his profit percentage.
Certainly! Let's break down the problem step-by-step to find the profit percentage.
1. Determine the cost price per pen: - Ram buys a dozen pens for ₹24. - There are 12 pens in a dozen. - Cost price per pen = Total cost for a dozen / Number of pens in a dozen - Cost price per pen = ₹24 / 12 - Cost price per pen = ₹2
2. Determine the selling price per pen: - Ram sells 2 pens for ₹5. - Selling price per pen = Total selling price for 2 pens / Number of pens - Selling price per pen = ₹5 / 2 - Selling price per pen = ₹2.5
3. Calculate the profit per pen: - Profit per pen = Selling price per pen - Cost price per pen - Profit per pen = ₹2.5 - ₹2 - Profit per pen = ₹0.5
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