A trader bought 120 pens at Rs. 10 each and sold each at Rs. 14. Find total profit.
Explanation
To find the total profit, we need to calculate the cost price and the selling price. The cost price is the total cost of buying the pens, which is 120 x 10 = 1200 rupees. The selling price is the total amount received from selling the pens, which is 120 x 14 = 1680 rupees. The profit is the difference between the selling price and the cost price, which is 1680 - 1200 = 480 rupees. However, the question asks for the total profit, which is the profit per pen multiplied by the number of pens. The profit per pen is 14 - 10 = 4 rupees. Therefore, the total profit is 4 x 120 = 480 rupees. However, the question asks for the total profit, which is the profit per pen multiplied by the number of pens. The profit per pen is 14 - 10 = 4 rupees. Therefore, the total profit is 4 x 120 = 480 rupees.
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