Sachin purchased 20 dozen toys at a rate of rs375 per dozen. he sold each toy at the rate of 33.what is the profit on each toy? profit and loss question
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Cost price of 1 toy = Rs. 375/12
= Rs. 31.25
Selling price of 1 toy = Rs. 33
So Gain = Rs. (33 - 31.25) =
Rs. 1.75
Profit % = 1.75/31.25 * 100% = 28/5%
= 5.6%
Hence, the profit% is 5.6%
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