Anil buys 12 toys and labels each with the same selling price. He sells 8 toys initially at 20% discount on the labeled price. Then he sells the remaining 4 toys at an additional 25% discount on the discounted price. Thus, he gets a total of Rs 2112, and makes a 10% profit. With no discounts, his percentage of profit would have been
Correct Answer :
50
Solution :
The correct answer is 50%.
Let's work through this problem step-by-step, carefully tracking the labeled price, actual revenues, and cost price.
Step 1: Define the Variable
Let the labeled (marked) selling price of each toy = L (in Rs).
Step 2: Calculate Revenue from the First Batch (8 toys at 20% discount)
A 20% discount on the labeled price means each toy is sold at 80% of L.
Step 3: Calculate Revenue from the Second Batch (4 toys at an additional 25% discount)
The additional 25% discount is applied on the already discounted price of 0.8L (not on the original labeled price).
Step 4: Find the Labeled Price (L) Using Total Revenue
Total revenue from all 12 toys = Rs 2112.
So, the labeled price per toy = Rs 240.
Step 5: Find the Total Cost Price Using the 10% Profit Condition
Anil makes a 10% profit on the total revenue of Rs 2112. This means:
So, the total cost price of all 12 toys = Rs 1920.
Step 6: Calculate the Revenue WITHOUT Any Discounts
If Anil sells all 12 toys at the full labeled price of Rs 240 each:
Step 7: Calculate the Profit Percentage WITHOUT Discounts
Conclusion:
If Anil had sold all 12 toys at the labeled price with no discounts, he would have made a profit of 50%. This confirms that the correct answer is 50.
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