A: He sold each toy at the rate of Rs. 33 so the total amount he earned was 20 * Rs. 33 = Rs. 900. He purchased 20 dozens of toys at the rate of Rs. 375 per dozen so 20 * 375 = Rs. 9000. He earned Rs. 900 - 9000 = Rs. 1000 as profit. Thus, his percentage profit was 1000 / 9000 = 6%. The answer is (C).
Answer the following multiple choice question with options (a), (b), (c), (d), (e) by reasoning step-by-step.
Q: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 Choices: A)3.5 B)4.5 C)5.6 D)6.5 E)None of these