When a producer allows 42% commission on the retail price of his product he eans a profit of 9%. What would be his profit percent if the commission is reduced by 28%?
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Answer:
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%
⇒ Cost price = \frac{100}{100+8.8}\times64=\frac{6400}{108.8}=Rs.\,58.82
100+8.8
100
×64=
108.8
6400
=Rs.58.82
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
Profit Percentage = \frac{88-58.82}{58.82}\times100=\frac{29.18}{58.82}\times100=49.61
58.82
88−58.82
×100=
58.82
29.18
×100=49.61
Step-by-step explanation:
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