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A manufacturer makes clear profit of 30% on cost after allowing 35% discount. if the cost of production rises by 20%,by what percentage should he reduce the rate of discount so as to make the same rate of profit keeping his list prices unaltered. |
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Answer» please mark me as brainiest ,thanks and 5 STARS........ Step-by-step EXPLANATION: Profit percentage = 8% Step-by-step explanation: Given: A manufacturer makes a profit of 30% on cost after allowing 35% as trade discount. FIND: If the discount of production rises by 20%, what should be the reduced rate of trade discount so that the list PRICE remains the same and the percentage profit also remains the same Solution: Let x denote the cost price of the GOODS. Marked price of the goods = x + (35% of x) = x + 0.35x = 1.35x Selling price = MP - Discount Discount = 20% of 1.35x = 1.35x × 0.2 = 0.27x So SP = 1.35x - 0.27x SP = 1.08x We find that SP is more than CP by 0.08x. That will be the profit. Profit percentage = (Profit / CP) x 100 = (0.08x / x) * 100 = 8% |
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