Rahul bought 20 dozen toys at a cost of ₹375 each dozen. He sold each of them for ₹33. The profit percentage is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 5.6
Profit = SP - CP
Profit% = (profit/CP) × 100
Cost price of 20 dozen toys = 20 × 375 = 7500
Selling price of 20 dozen toys = 20 × 33 × 12 = 7920
Profit = 7920 - 7500 = 420
Profit % = (420/7500) × 100 = 5.6