Ashifur August 8, 2023 - 17:32
Problem: When a producer allows 36% commission 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%?

View all: PUBALI BANK (SO) | WRITTEN QUESTION (MATH) SOLVE | 2014

Correct Answer: ans: 49.6%.

Explanation:

Let, the marked price of the product be 100 Tk.After allowing 36% commission, the retail price of the product will be = 100 – 36 = 64 Tk.

So, his selling price is 64 Tk.

At 8.8% profit, If selling price is Tk. 108.8 then cost price will be = Tk. 100

If selling price Tk. 64 then cost price will be = $\frac{100\times 64}{108.8}$ = 58.8235

After reducing commission by 24%

The actual commission will be = 36 – 24 = 12%

Then selling price = 100 – 12 = Tk. 88

Profit = 88 – 58.8235 = Tk. 29.1765

Profit percentage = $\frac{29.1765}{58.8235}$ x 100 = 49.6%

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