Rahul bought 20 dozen toys at a cost of ₹375 each dozen. He sold each of them for ₹33. The profit percentage is:
Answer & explanation
Correct answer: option 1
Rahul bought = 20 dozen toys at a cost of ₹375 each dozen
Total cost = 20 × 375 = 7500
SP of single toy = 33
SP of 20 dozen toy = 33 × 20 × 12 = 7920
Profit = 7020 - 7500 = 420
Profit% = 420 × \(\frac{100}{7500}\) = 5.6%