Question

Sam purchased 20 dozen of toys at the rate of rs.375 per dozen. He sold each one of them at the rate of rs.33. What was his percentage profit? Select one:

a. 6.5%

b. 5.6%

c. 3.5%

d. 4.5%

Answer 1

Cost Price of 1 toy = Rs.  375  = Rs. 31.25

Selling Price of 1 toy = Rs. 33  

So, Gain = Rs. (33 - 31.25) = Rs. 1.75

Profit % =1.75 x 100%=28% = 5.6%

⇒ B:- 5.6%