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Samad 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?

Correct answer: C. 5.6

  • A. 3.5
  • B. 4.5
  • C. 5.6
  • D. 6.5

Explanation

Twenty dozens contain 20 x 12 = 240 toys, and their cost is 20 x Rs. 375 = Rs. 7500. Total sales are 240 x Rs. 33 = Rs. 7920, so profit is Rs. 420 and profit percentage = (Rs. 420 ÷ Rs. 7500) x 100 = 5.6%. A student may choose 4.5% by using the cost per dozen with the selling price per toy.

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Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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