To find the profit obtained from selling the pencils, we need to follow these steps:
1. Calculate the total cost of purchasing 216 dozen pencils at $50 per dozen.
Total Cost = 216 dozen * $50/dozen
2. Determine the total number of pencils purchased.
Total Number of Pencils = 216 dozen * 12 pencils/dozen
3. Calculate the selling price of the pencils when sold at $10 for every 2 pencils.
Selling Price for 2 pencils = $10
Selling Price for 1 pencil = $10 / 2
4. Find the total revenue generated from selling all the pencils.
Total Revenue = (Total Number of Pencils / 2) * Selling Price for 1 pencil
5. Calculate the profit by subtracting the total cost from the total revenue.
Profit = Total Revenue - Total Cost
By following these steps and performing the calculations, you will be able to determine the profit obtained from selling the pencils after purchasing them at the given prices.
