Question

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

Answer 1

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%