Question

Sam purchased 20 dozens 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?

Answer 1

Answer:

Profit percentage = 5.6%

Step-by-step explanation:

If the toys cost Rs. 375 per dozen , then cost of 1 toy is = 375/12 = 31.25

So, the cost price is 31.25

Profit = Selling price - cost price

= 33 - 31.25

= 1.75

To gain profit percentage, we can use the formula

Profit % = (Profit / CP × 100)%

= ( 1.75/ 31.25 × 100)

= ( 0.056 × 100)

= 5.6 %