Multiple choice

Glenn purchased 20 dozens of toys at the rate of Rs. 375. He sold each toy at the price of Rs. 36? What was his percentage profit and total selling price of 20 dozens?

  1. 15.2%, Rs. 8640

  2. 13.19%, Rs. 9320

  3. 14.19%, Rs. 8640

  4. 14.19% Rs. 9320

  5. 15.19% Rs. 8640

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A Correct answer
AI explanation

The total number of toys is 20 dozens times 12, which equals 240 toys. Since the rate of Rs. 375 is per dozen, the total cost price is 20 times 375, equaling Rs. 7500. The total selling price is 240 toys times Rs. 36 per toy, yielding Rs. 8640. The profit is 8640 minus 7500, which is Rs. 1140. Using the profit percentage formula, (Profit / Cost Price) times 100 gives (1140 / 7500) times 100, resulting in 15.2% profit. The total selling price is Rs. 8640 and the profit is 15.2%.