Question

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

1. 5.6% 
2. 10%
3. 6%
4. 7%
5. None of these

Answer 1

Correct Answer - Option 1 : 5.6% 

Given:

Shankar purchased 20 dozens of toys at the rate of Rs. 375 per dozen

Formula:

Profit % = (Profit/CP) × 100

Calculation:

Cost Price of 1 toy = Rs. 375/12​  = Rs. 31.25 

Selling Price of 1 toy = Rs. 33

So Gain = Rs. (33 − 31.25) = Rs. 1.75

Profit % = (1.75/31.25)​ × 100%

⇒ 28​/5% = 5.6%

∴ His percentage profit was 5.6%.