Aptitude - Profit and Loss - Discussion
Discussion Forum : Profit and Loss - General Questions (Q.No. 9)
9.
Sam 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?
Answer: Option
Explanation:
| Cost Price of 1 toy = Rs. |  |
375 |  |
= Rs. 31.25 |
| 12 |
Selling Price of 1 toy = Rs. 33
So, Gain = Rs. (33 - 31.25) = Rs. 1.75
 Profit % = |
|
1.75 | x 100 | % |
= | 28 | % = 5.6% |
| 31.25 | 5 |
Video Explanation: https://youtu.be/MhswuvDVWzo
Discussion:
46 comments Page 2 of 5.
RK Ko said:
1 decade ago
He had calculated the profit for only 1 toy, is it correct!?, I think that profit should be calculated for whole 20 dozens, am I correct?
Meenakshi sundareswar.m said:
1 decade ago
1 toy 31.25.
1 toy 33.
Cross multiply,
(33/31.25) - 1%.
5.6. make it simple.
1 toy 33.
Cross multiply,
(33/31.25) - 1%.
5.6. make it simple.
Abhinav said:
1 decade ago
Profit% formula is (profit/s.p)*100. But some calculated with c.p in denominator.
Bhanu said:
1 decade ago
You may mistake Abhinav.
Profit% = (profit/CP)*100.
Profit% = (profit/CP)*100.
Mahendra chozhan said:
1 decade ago
Its given he bought 1 dozen for Rs 375.
Its also given that he sold each for Rs 33.
Then for a dozen he sold for 12*33 = 396.
Therefore profit = S.P of a dozen - C.P of a dozen
= 396-375 = 21Rs.
Profit % = gain/C.P*100.
= 21/375*100.
= 5.6%.
Its also given that he sold each for Rs 33.
Then for a dozen he sold for 12*33 = 396.
Therefore profit = S.P of a dozen - C.P of a dozen
= 396-375 = 21Rs.
Profit % = gain/C.P*100.
= 21/375*100.
= 5.6%.
Reema said:
1 decade ago
The point here is that profit percent will be same whether we sell 1 item or 1000 items.
Profit will vary but not profit%.
Profit will vary but not profit%.
Anju said:
1 decade ago
I don't understand this problem, can anyone please explain me clearly?
Dan said:
1 decade ago
@Meenakshi, You made it simple. Bit no one understood what you said. Including me.
*Clarity is much important than simplicity.
*Clarity is much important than simplicity.
Shub said:
1 decade ago
Easy way:
Total CP = 375*20 = 7500.
Total SP = 20*33*12 = 7920.
Gain = SP-CP = 7920-7500 = 420.
Gain% = 420*100/7500 = 5.6.
Total CP = 375*20 = 7500.
Total SP = 20*33*12 = 7920.
Gain = SP-CP = 7920-7500 = 420.
Gain% = 420*100/7500 = 5.6.
SMS said:
1 decade ago
What does this have to do with the question I asked?
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