Murali purchased 20 dozens of toys at the rate of Rs. 375 per dozen. H...
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) x 100 ]% = 28/5 % = 5.6%
View all questions of this testMurali purchased 20 dozens of toys at the rate of Rs. 375 per dozen. H...
Given:
- Murali 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.
To find: Profit percentage
Solution:
1 dozen = 12 toys
20 dozens = 20 x 12 = 240 toys
Cost price (CP) of 1 toy = Rs. (375/12) = Rs. 31.25
Total cost price (TCP) of 240 toys = 240 x 31.25 = Rs. 7500
Selling price (SP) of 1 toy = Rs. 33
Total selling price (TSP) of 240 toys = 240 x 33 = Rs. 7920
Profit (P) = TSP - TCP = Rs. (7920 - 7500) = Rs. 420
Profit percentage = (Profit / TCP) x 100
= (420/7500) x 100
= 5.6%
Therefore, Murali's profit percentage is 5.6%.