Profit and loss

Quantitative Aptitude ( CCS)

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A product costs a company Rs 60 to manufacture, and it sold the product to a dealer for Rs 70, who in turn sold it to a shopkeeper for Rs 85, who sold to a customer for Rs 102. What is the percentage of profit for the company and who made the highest profit on selling the product?

20 1/3%, Company

16 2/3%, Dealer

20 1/3% ,Dealer

16 2/3%, Shopkeeper

Explanation:

Solution:
Company Profit %ge is (70-60)10/60*100=100/6=16 2/3.
Then Dealers Profit %ge is (85-70)15/70*100=150/7=21 3/7.
Then Shopkeeper Profit %ge is (102-85)17/85*100=20
Among the three Dealer get the highest profit %ge.

By: Pranav Gupta

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