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If a person sells 80% of the number of toys for an amount with which he purchesed all the toys,then what is his profit
percentage?
20
22.5
25
40
- Let's assume the cost price (CP) for each toy is $1. So, the cost price for all toys is $100 if there are 100 toys.
- The seller sells 80% of the toys for the same amount he bought all. So, he sells 80 toys for $100.
- To find the selling price (SP) per toy, divide $100 by 80, which equals $1.25.
- Profit per toy is $1.25 (SP) - $1 (CP) = $0.25.
- Profit percentage can be calculated as:
(Profit per toyCP per toy)×100=(0.251)×100=25%
- Correct Answer: Option 3 - 25%
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