Profit and Loss Practice Test 9

Question : 31 of 40

Marks: +1, -0

A boy purchased 20 toys at the rate of Rs 375 per toy. He sold each one of them at the rate of Rs 400. What was his percentage profit?

Solution:

CP of one toy = Rs 375
SP of each toy = Rs 400
Profit per cent

= {400-375}/375 ×100

=6.66%\;\or 6.7%

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