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Direction : Read the data carefully and answer the questions.
A company is the producer of bottles and it used to sell bottles through distributor on a condition that on selling the stock of every 50 bottles, he will get Rs. 1000 as commission. The distributor is responsible to sell all those bottles to retailers. If he marks the bottles at the price which is 30% above the production cost (cost price) and allows a discount of Y%. He sells total of ‘X’ bottles which is 40 less than total received stock by him. Total production price of whole stock of bottles received by him to sell to retailers is Rs. 7.8 lakhs. The commission received by distributor is Rs. 7000 and he made a profit of Rs 1.4 lakhs on selling the bottles.
Instead of ‘Y’ employee allow 10% discount on one bottle, then percentage profit of distributor?
17%
15%
12%
10%
19%
- The distributor receives a commission every time he sells a stock of 50 bottles. He earned Rs. 7000, so he sold 350 bottles (7000/1000 x 50).
- The distributor received a stock of 390 bottles in total (350 + 40).
- The total production cost for 390 bottles is Rs. 7.8 lakhs, making the cost price per bottle Rs. 2000 (780000/390).
- The selling price is marked 30% above the cost price, which means the initial selling price per bottle is Rs. 2600 (2000 x 1.3).
- Instead of discount Y%, giving a 10% discount makes the selling price per bottle Rs. 2340 (2600 x 0.9).
- The total revenue from selling 350 bottles at Rs. 2340 per bottle is Rs. 819,000.
- With a production cost of Rs. 700,000, the profit is Rs. 119,000 (819000 - 700000).
- The percentage profit is therefore calculated as (119000/700000) x 100, which equals 17%.
- Answer: 17%
By: Parvesh Mehta ProfileResourcesReport error
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