Question

When a manufacturer allows 38% commission on the retail price of his
product he earns a profit of 9%. What would be his profit percent if he
commission is reduced by 22%?​

Answer 1

Answer:

Step-by-step explanation:

Let the Retail Price = Rs. 100

Concession  Percentage = 36 %

⇒ Concession Amount = 36/100 × 100 = Rs. 36

⇒ Selling price = 100 - 36 = Rs. 64

Profit percentage = 8.8%Concession Percentage reduced by 24%

Concession Percentage = 36 - 24 = 12 %

⇒New Concession amount = 12/100 × 100 = Rs. 12

⇒New Selling Price = 100 - 12 = Rs. 88

=49.61 mark me as brainliest pls it helps me a lot

Step-by-step explanation:

Answer 2

The manufacturer's profit percentage will be 23.69%.

Given:

commission rate = 38%

profit = 9%

To Find:

the profit percentage if the commission is reduced by 22%

Solution:

let the retail price be 100

commission = 38% of 100 = 38

actual selling price = 100 - 38 = 62

let the cost price be x

⇒ 9 = (62 - x)/x × 100

9x = 6200 - 100x

x = 6200/109

x = 56.88

now, the new commission will be = (1 - 22/100) × 38

= 0.78 × 38

= 29.64

new selling price = 100 - 29.64 = 70.36

⇒ profit % = (70.36 - 56.88)/56.88 × 100

= 13.48/56.88 × 100

= 0.2369 × 100

= 23.69%

Thus, the manufacturer's profit percentage will be 23.69%.

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