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?
A. 3.5
B. 4.5
C. 5.6
D. 6.5
Answer: Option C
Solution(By Examveda Team)
$$\eqalign{ & {\text{Cost}}\,{\text{Price}}\,{\text{of}}\,{\text{1}}\,{\text{toy}} \cr & = Rs.\,\left( {\frac{{375}}{{12}}} \right) = Rs.\,31.25 \cr & {\text{Selling}}\,{\text{Price}}\,{\text{of}}\,{\text{1}}\,{\text{toy}}\, = \,Rs.\,33 \cr & {\text{So,}}\,{\text{Gain}}\, = \,Rs.\,\left( {33 - 31.25} \right) = Rs.\,1.75 \cr & \therefore {\text{Profit}}\,\% = \left( {\frac{{1.75}}{{31.25}} \times 100} \right)\% \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = \frac{{28}}{5}\% = 5.6\% \, \cr} $$Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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