Question

Venkat purchased $20$ dozens of toys at the rate of Rs. $375$ per dozen. He sold each one of them at the rate of Rs. $33$ per toy. What was his percentage profit?

• A. $5\%$
• B. $5.5\%$
• C. $6.5\%$
• D. $5.6\%$

Answer 1

Answer: (D)

$5.6\%$

$CP$ of 20 dozen toys$=375\times 20=$ $Rs.$ $7500$

$SP$ of 20 dozen toys$=33\times 12\times 20=$ $Rs.$ $7920$

$\therefore$ Profit $=7920-$$7500$

$=Rs.420$

$\therefore$ Profit $\%=\frac{Profit}{CP}\times 100=\frac{420\times 100}{7500}=5.6\%$