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?
📊 Let’s Calculate Sam’s Percentage Profit! 🤔
Step 1: Calculate the total cost price of the toys
Sam purchased 20 dozens of toys.
Cost price per dozen = Rs. 375
Total cost price = 20 dozens × Rs. 375/dozen
= Rs. 7,500
Step 2: Calculate the total number of toys
1 dozen = 12 toys
20 dozens = 20 × 12 = 240 toys
Step 3: Calculate the total selling price of the toys
Selling price per toy = Rs. 33
Total selling price = 240 toys × Rs. 33/toy
= Rs. 7,920
Step 4: Calculate the profit
Profit = Total selling price – Total cost price
= Rs. 7,920 – Rs. 7,500
= Rs. 420
Step 5: Calculate the percentage profit
Percentage profit = (Profit / Total cost price) × 100
= (Rs. 420 / Rs. 7,500) × 100
= 5.6%
The final answer is: Sam’s percentage profit is 5.6%. 📈
