a manufacturer make a profit of 10% by selling a bicycle if the manufacturing cost increased by 15% and the price paid by the seller increased by 10% find the profit percent made by the manufacturer
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Step-by-step explanation:
Given, for first TV
S.P=Rs5,750
Profit =15 %
Now, with this S.P. and for Profit % =
C.P.
S.P.−C.P.
×100=15 %
=>
C.P.
5,750−C.P.
×100=15
=>5,750−C.P.=0.15C.P.
1.15C.P.=5,750
=>C.P.=Rs5,000
As per given information, for another TV
C.P.=
100
130
×Rs5,000=Rs6500
S.P.=
100
120
×Rs5,750=Rs6900
So, Profit % =
C.P.
S.P.−C.P.
×100= 6500
6900−6500×100=
6500 400×100= 65400
= 1380=6132%
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