if harry buy 10 dozen toy for rs 400 a dozen and sell each toy for ruppe 35 what is his profit percentage
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Answer:
Cost price of 10 toys = Rs. 40
Cost price of 1 toy = 40/10 = Rs. 4
Cost price of 8 toys = 4x8 = Rs. 32
Selling price of 8 toys = 35
Profit = selling price - cost price = 35 – 32 = Rs. 3
Profit percentage = (profit / cost price)x100
=(3/32)100
approx 9.375 % gain Answer
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