A group of students bid $3000 for a stall at the lunar new year fair. They bought 1000 dolls from a wholesaler for $12000 and planned to sell for $20 each at the stall.
(a) (i) What was their start-up cost ?
(ii) If all the dolls were sold , find the percentage pofit.
(b) It is known that 120 dolls remained unsold at 2 a.m. on the last day.
(i) What was the pencentage pofit or loss at that time?
(ii) If these 120 dolls were fially sold for $ 10 each , find the overall percentage profit or loss .