If pencils are bought at Rs. 48 per dozen and sold at 3 for Rs. 15, the total profit on 11/2 dozen is
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48 per dozen of pencils ⇒ Price of one pencil=4 Sold 3 for 15 ⇒ One for 5 2 1 1 dozen = 2 1 1 ⋅ 1 2 = 6 6 C.P. of 6 6 = 2 6 4 and S.P. of 6 6 = 3 3 0 Total profit = 3 3 0 − 2 6 4 = 6 6