Answer :
Step-by-step explanation:
To calculate the profit or loss, we need the following details for each type of packet sold:
1. Cost price (CP) per packet.
2. Selling price (SP) per packet.
Let’s denote:
- CP_s = Cost price of one packet of sketch colours
- SP_s = Selling price of one packet of sketch colours
- CP_p = Cost price of one packet of pencil colours
- SP_p = Selling price of one packet of pencil colours
The profit or loss for each type of packet is calculated as:
- Profit or loss for sketch colours = (SP_s - CP_s) * 24
- Profit or loss for pencil colours = (SP_p - CP_p) * 13
Total profit or loss for May = Profit or loss for sketch colours + Profit or loss for pencil colours
Without the actual cost prices and selling prices, we cannot calculate the exact amount. Please provide these details, and I will perform the calculations for you.