Question

5. A manufacturer fixes his selling price at 33% over the cost of production. If cost
of production goes up by 12% and manufacturer raises his selling price by 10%, his
percentage profit is..?​

Answer 1

Answer:

step by step

1) cp =100 % & sp = 133 %

profit% = 33 / 100 x 100 = 33 %

2) cp = 112 % & sp = 110 %

profit% = 2/ 112 x 100 = 1.78 %