EMP Q.6

Home
EMP Q.6

6A manufacturer marks his goods in advance at 80 percent more than the cost price, but he allows 15 articles to the dozen and also 10 percent discount for cash. What rate of profit on his outlay does he obtain from a customer who pays cash?

Option : C
Explanation :
Let CP be x
∴ MP = 1.8 x
∴ SP of 15 articles = 12 * 1.8x = 21.6x
∴ Discount = 0.9 x 21.6x = 19.44x
∴Profit on 15 articles = (19.44 - 15)x
∴ Profit % =(4.44x/15x) = 29.6%

Forgot your password?

I agree with the Terms.