Multiple choice

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. $33$. What was his percentage profit?

  1. $5\%$
  2. $5.5\%$
  3. $6.5\%$
  4. $5.6\%$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Cost price of 240 toys (20 dozen) = 20 * 375 = 7,500. Selling price = 240 * 33 = 7,920. Profit = 420. Profit % = (420 / 7,500) * 100 = 5.6%.

AI explanation

The cost price of one toy is 375 / 12, so the total cost price for 20 dozens is 375 * 20 = 7500. The total selling price for 240 toys is 240 * 33 = 7920. Using the profit percentage formula, (Profit / Cost Price) * 100, we get ((7920 - 7500) / 7500) * 100 = (420 / 7500) * 100 = 5.6%. The profit percentage is 5.6%.

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