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 4 of 5.
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%.
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%.
Bhanu said:
1 decade ago
You may mistake Abhinav.
Profit% = (profit/CP)*100.
Profit% = (profit/CP)*100.
Abhinav said:
1 decade ago
Profit% formula is (profit/s.p)*100. But some calculated with c.p in denominator.
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.
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?
Abhishek said:
1 decade ago
C.P. Per dozen = 375 ,
Per Dozen contains 12 pieces.
S.P. per dozen = S.P. per piece * total piece = 33 * 12 = 396.
Profit per dozen = S.P " C.P = 396 " 375 = 21.
Profit % = ( (Profit * 100) / C.P.)=(21 * 100)/375 = 28/5 = 5.6 %.
Per Dozen contains 12 pieces.
S.P. per dozen = S.P. per piece * total piece = 33 * 12 = 396.
Profit per dozen = S.P " C.P = 396 " 375 = 21.
Profit % = ( (Profit * 100) / C.P.)=(21 * 100)/375 = 28/5 = 5.6 %.
Dheepthi said:
1 decade ago
20 dozen toys at rate of 375 Rs
Total cost= 375*20=7500
Total toys=20 dozens*12(1 doz=12 toys)=240 toys
Each sold=33 Rs
Therefore total S.P=33*240
=7920
Profit=S.P-C.P
=7920-7500
=420
Profit %=420/7500*100
5.6%
Total cost= 375*20=7500
Total toys=20 dozens*12(1 doz=12 toys)=240 toys
Each sold=33 Rs
Therefore total S.P=33*240
=7920
Profit=S.P-C.P
=7920-7500
=420
Profit %=420/7500*100
5.6%
Shiva said:
1 decade ago
33*12=396
396-375=21
21*100/375=5.6
so ans is 5.6%
396-375=21
21*100/375=5.6
so ans is 5.6%
Sundar said:
1 decade ago
@Ashok
20 dozens x Rs.375 per dozen = Total cost Rs.7500
(20 x 12) total toys x Rs. 33 per toy = Total sales Rs.7920
Total Cost Price (CP) = 7500
Total Selling Price (SP) = Rs. 7920
Profit = 7920 - 7500 = Rs.420
Profit Percentage = Profit/CP*100
= 420/7500*100
= 5.6 percentage.
Hope this will help you. Have a nice day!
20 dozens x Rs.375 per dozen = Total cost Rs.7500
(20 x 12) total toys x Rs. 33 per toy = Total sales Rs.7920
Total Cost Price (CP) = 7500
Total Selling Price (SP) = Rs. 7920
Profit = 7920 - 7500 = Rs.420
Profit Percentage = Profit/CP*100
= 420/7500*100
= 5.6 percentage.
Hope this will help you. Have a nice day!
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