Question

6) Ram purchased one dozen toys at 600. He sold each of them at the rate of 60. Find his profit or loss percent.
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Answer 1

CP=600

SP=12×60=720

Since SP>CP = Profit

Profit=SP-CP=120

Profit % = 120/600×100 = 20% Profit

Answer 2

Step-by-step explanation:

Ram purchase 12 toy at 600

so price of 1 toy=600/12

=50

and he sold each at rs 60

so he have profit

he have total amount=60×12

=720

so his profit=120

percent=120/600×100

=20%