Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?
Aptitude
Profit and Loss
Difficulty: Easy
Choose an option
Answer
Correct Answer: 5.60%
Explanation
Given
- 20 dozens ⇒ 20 × 12 = 240 toys
- Cost per dozen = Rs. 375 ⇒ Total cost = 20 × 375 = Rs. 7,500
- Selling price per toy = Rs. 33 ⇒ Total revenue = 240 × 33 = Rs. 7,920
Compute profit and percentProfit = 7,920 − 7,500 = Rs. 420Profit% = 420 ÷ 7,500 × 100 = 5.60%
Final Answer: Percentage profit = 5.60%.