Question

a manufacturer makes 800 articles at a cost of Rs 1.50 four article affixes this selling price such that if only 600 articles re sold, he would make a profit of 30% on his outley. however he sold 620 articles at this price. find his actual profit percent of the toral outlay, assuming that the unsold articles are useless​

Answer 1

Total cost to manufacture=800x1.5

=1200

Cost of each article it 600 of then n are sold and profit gained is 30℅ is

=1.3x1200/600

=2.6

So total money got by selling 620 articles

=620x2.6=1612

So profit℅=(1612-1200)x100/1200

=34.33%.