Question

4. Small scale manufacturing in Palampur has
absorbed less than fifty people. The cost of
manufacturing comes out at 20,000 per month.
Current profits of small scale units come to
4000 per month. How much sales is required
to earn a profit of 30%?
(a) 24,000 per month
(6) * 26,000 per month
(c) * 16,000 per month
(d) 31,200 per month​

Answer 1

Answer:

31000 option d

Explanation:

spent money =20000

profit =4000

total sales amount = 24000

30%in 24000= 30/100×24000

=7200

Hence 24000 +7200 =31200

Answer 2

Total sale of 26,000 per month is required to earn a profit of 30%.

Given:

Cost of manufacturing = 20,000 per month

Current profits = 4000 per month

To Find:

sales required to earn a profit of 30%

Solution:

we know that the profit % is calculated as follows-

profit % = (revenue - cost)/cost × 100

let the revenue be x

then, we get the following equation-

30 = (x - 20,000)/20,000 × 100

30 =  (x - 20,000)/200

(x - 20,000) = 30 × 200

x = 6000 + 20,000

x = 26,000

Thus, total sale of 26,000 is required to earn a profit of 30%.

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