Question

a manufacturer makes 750 articles at a cost of 60 paise per article.he fixes the s.p. such that if only 600 articles are sold he would make a profit of 40% on his outlay.find his actual profit or loss percent if he could sell (i)630 articles and (ii)560 articles

Answer 1

total amt spent by manufacturer=750*0.60=450
cost at profit of 40%=1.40*450=630
so he sells 600 articles at 630 ..each at 1.05
(i)if he sells 630 articles ..his sp wud be=661.50
and the cp of 630 articles=378
profit=283.50
profit %=75%
(ii)if he sells 560 articles ...sp=588
and the cp wud be=336
profit=252
profit %=75%