Sam purchased 20 dozen toys at the rate of ₹375 per dozen. He sold each of them at the rate of ₹33. What was his profit percentage?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 5.6%.
CP of 20 dozen = 20 × 375 = ₹7500
Total toys = 20 × 12 = 240 toys
SP of 240 toys = 240 × 33 = ₹7920
Profit = 7920 - 7500 = ₹420
Profit percentage = (420 / 7500) × 100 = 5.6%