Question

3. When a producer allows 36% commission on the retail price of his product, he earns a profit
of 8.8%. What would be his profit percent if the commission is reduced by 24%?​

Answer 1

we know that the commission is 36%.

but the commission is reduced by 24%.

so the current commission is

24/100×36 = 24×9/25

24×9/25

-------------×8.8= 108

36. -------×88

26×5