Question

A man purchases 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. 4%
• B. 5.6%
• C. 6%
• D. 6.5%

Answer 1

The correct option is B 5.6%

Total amount for the purchase, Cost Price = $20\times 375=Rs.7500$
Selling price = $20\times 12\times 33=Rs.7920$
Profit = SP - CP
= 7920 - 7500 = Rs. 420
Profit percentage = $\frac{Profit}{CP}\times 100=\frac{420}{7500}\times 100=5.6\%$