-
A manufacturer fixes his selling price at 33% over the cost of production. If cost of production goes up by 12% and manufacturer raises his selling price by 10%, his percentage profit is
-
-
28 3 % 8 -
30 5 % 8 -
36 5 % 9 - 35%
-
Correct Option: B
Let Cost of production of article = Rs. 100
∴ S.P. = Rs. 133
New cost of production = Rs. 112
| ∴ S.P. = | = Rs. 146.30 | 100 |
Profit = S.P. - New C.P. = 146.3 - 112 = $ 34.3
| ∴ Profit percent = |  | Profit |  | × 100 | ||
| New cost of production |
| Profit percent = | = | 112 | 112 |
| Profit percent = | = 30 | % | 8 | 8 |
