Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at therate of Rs 33. What was his percentage profit?

Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He s

1.	Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at therate of Rs 33. What was his percentage profit?
Answer» <html><body><p><strong>Answer:</strong></p><p>5.5%</p><p><strong>Step-by-step explanation:</strong></p><p>Arjun buys <a href="https://interviewquestions.tuteehub.com/tag/toys-1424327" style="font-weight:bold;" target="_blank" title="Click to know more about TOYS">TOYS</a> = 20 dozen = 20 × 12 = 240 toys.</p><p></p><p>C.P. = 20 × <a href="https://interviewquestions.tuteehub.com/tag/375-309985" style="font-weight:bold;" target="_blank" title="Click to know more about 375">375</a> ( No. of toys in dozen × Price of toys per dozen) = Rupees 7500</p><p></p><p>S.P. = 240 × 33 ( No. of toys × Price per toy ) = Rupees 7920</p><p></p><p>Profit = S.P - C.P = 7920 - 7500 = Rupees 420</p><p></p><p>Profit % = Profit/C.P. × <a href="https://interviewquestions.tuteehub.com/tag/100-263808" style="font-weight:bold;" target="_blank" title="Click to know more about 100">100</a> = 420/7500 × 100 = 5.5%</p></body></html>