NIFT UG 2020 Question Paper with solutions

Question : 30 of 150

Marks: +1, -0

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

Solution:

Let the CP be ₹ 100

∴ {SP}=₹ 133

New

{CP}=₹ 112

and new

{SP}=133 × \;{110}/{100}=₹ 146.3

∴

Profit percentage

=\;{1463-112}/{112} × 100=30 \;{5}/{8} \%

Go to Question:

Prev Question

Next Question