Question

4. A trademan gains 20% at the selling price. If cost is increased by 12% and the selling price
15
is increased by 8%, then find the revised profit.
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Answer 1

Answer:

17.6%

Step-by-step explanation:

suppose previous price was = 100 , then previous selling price = 120

revised situation.................C.P=112 ..................... S.P =120* 1.08 =129.6

so revised profit =129.60- 112.00= 17.6 %