A manufacturer fixes his selling price at 33 over the cost of production If cost of production goes ...........

Quant (SSC) Profit and loss

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%, find his profit percentage.

28 7/5%

30 8/5%

30 5/8%

27 5/8%

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Explanation:

Let the cost of production of article be Rs 100
So, SP = Rs 133
New cost of production = Rs 112
So, SP = 133 × 110/100 = 146.30
So, Profit % = (146.3 - 112 /112) x 100
= 34.3 × 100 /112 = 3430 /112
= 245/8 = 30 5/8%