A factory made 1500 toys costing ₹1,20,000 in total. They gave away 300 toys for free. On the remaining toys, they offered a 15% discount on the marked price of ₹150 per toy. They also gave 3 free toys for every 12 bought. If all toys were distributed, what was the profit or loss percentage?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 2% profit.
Cost of 1500 toys = ₹1,20,000
Cost per toy = 1,20,000 ÷ 1500 = ₹80
Free toys given initially = 300
Remaining toys = 1500 - 300 = 1200
Marked price per toy = ₹150
Selling price after 15% discount = 150 × 85/100 = 127.5
For every 12 toys bought, 3 toys are free → total toys per set = 12 + 3 = 15
Effective selling price = (12 × 127.5) × = ₹1,22,400
Profit percentage = [(1,22,400 - 1,20,000)/1,20,000] × 100 = 2%