Multiple choice

Abhi purchased 12 dozens of toys at the rate of Rs. 960 per dozen. He sold each one of them at the rate of Rs. 100. What was his percentage profit?

  1. 40%

  2. 30%

  3. 20%

  4. 25%

  5. 35%

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Cost price of 1 toy = 960/12 = Rs. 80   Selling price of 1 toy = Rs. 100 Profit = Rs. (100 - 80) = Rs. 20 Profit% = (20/80) * 100 = 25%