Profit and loss.

Sam purchased 20 dozen 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?

Expert Solution

Given in the question-

Rate of one dozen toys = 375

Total toys he purchased = 20

So,Total cost price = 20×375 = 7500

Selling price of 20 dozen toys = 20×12×33

= 7920

Therefore,Profit gained = 7920-7500 = 420

Profit percentage = (420/7500)100

= 5.6%

Hence,profit percentage of sam is 5.6%

Percentage of profit is 5.6%

Nikhil Thakur answered 2 years ago

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