Abdul purchased 20 dozen toys at the rate of Rs. 375 per dozen. He sold each toy for Rs. 33. What was his percentage profit?
Q1. Abdul purchased 20 dozen toys at the rate of Rs. 375 per dozen. He sold each toy for Rs. 33. What was his percentage profit?
Answer: 5.60%
Explanation: Total cost = 7500; total revenue = 240×33 = 7920; profit% = (420/7500)×100 = 5.6%.