When a producer allows 36 % concession on the | vedclass

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Question

Let retail price $=$ $Rs. 100$

then, Commission $=$ Rs. 36

$SP =$ retail price - concession $=100-36= Rs .64$

But profit $=8.8 \%$

$C P=\f

Vedclass · Accepted Answer

$49.6$

Vedclass · Answer

Let retail price $=$ $Rs. 100$

then, Commission $=$ Rs. 36

$SP =$ retail price - concession $=100-36= Rs .64$

But profit $=8.8 \%$

$C P=\frac{100 	imes S P}{100+g a i n \%}=\frac{100 	imes 64}{100+8.8}=R s . \frac{1000}{17}$

New commission $=$ $Rs. 12$ then

New $S P=100-12=R s .88$

$\operatorname{Gain}=88-\frac{1000}{17}=\operatorname{Rs} \cdot \frac{496}{17}$

$\sin \%=\operatorname{gain} 	imes \frac{100}{C P}=\frac{\frac{496}{17}}{\frac{1000}{17}} 	imes 100=49.6 \%$

When a producer allows $36 \%$ concession on the retail price of his product, he earns a profit of $8.8 \% .$ What would be his profit percent if the commission is reduced by $24 \% ?$

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