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 5 of 5.
Varna pradeep said:
1 decade ago
How this 12 will get?
SMS said:
1 decade ago
What does this have to do with the question I asked?
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.
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.
Anju said:
1 decade ago
I don't understand this problem, can anyone please explain me clearly?
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%.
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