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A manufacturer makes 600 articles at a cost of Rs. 5 per article. He fixes the selling price such that if only 500 articles are sold, he would make a profit of 30% on his outlay. However 60 articles get spoilt and he was able to sell 540 articles at this price. Find his actual profit percent.1. 30.4%2. 40.3%3. 35%4. 55.2%5. 40.4% |
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Answer» Correct Answer - Option 5 : 40.4% Given: Cost of per articles = Rs. 5 Profit % = 30% Concept used: Profit percent = [(SP – CP)/CP] × 100 CP = cost price SP = selling price Calculation: CP of 600 articles = Rs. (600 × 5) ⇒ Rs. 3000 SP of 500 articles = Rs. (3000 × 13/10) ⇒ Rs. 3900 SP per articles = Rs. (3900/500) ⇒ Rs. 7.8 SP of 540 articles = Rs. (540 × 7.8) ⇒ Rs. 4212 Profit = Rs. (4212 – 3000) = Rs. 1212 Profit percent = (1212/3000) × 100 ⇒ 40.4% ∴ Profit percent is 40.4% |
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