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14 Jun 2024, 21:32
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C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
85%
(hard)
Question Stats:
53% (02:44) correct
47%
(03:02)
wrong
based on 135
sessions
History
Date
Time
Result
Not Attempted Yet
Syntax cement gives a commission of 15% on the printed price of each sack of cement if sells to its dealers and gains a profit of 19%. If the commission is decreased to 10%, the new profit percentage will be:
A. 21%
B. 25%
C. 26%
D. 35%
E. None of these
A. 21%
B. 25%
C. 26%
D. 35%
E. None of these
14 Jun 2024, 21:49
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Assuming 100 as a printed price on that Syntax cement gives a commission of 15% of each sack of cement.
Therefore actual selling price is 85 and on that syntax earns profit of 19%
Therefore CP = 85/1.19 (Both Multiple of 17) = 500/7
Now commission decreased to 10%
New SP = 90
%Profit = NewSP - CP / CP = (90 - (500/7)) / (500/7) * 100
=130 / 5 = 26.
Answer C.
Therefore actual selling price is 85 and on that syntax earns profit of 19%
Therefore CP = 85/1.19 (Both Multiple of 17) = 500/7
Now commission decreased to 10%
New SP = 90
%Profit = NewSP - CP / CP = (90 - (500/7)) / (500/7) * 100
=130 / 5 = 26.
Answer C.
General Discussion
15 Jun 2024, 05:23
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@yasfyGiven: Syntax cement gives a commission of 15% on the printed price of each sack of cement if sells to its dealers and gains a profit of 19%.
Asked: If the commission is decreased to 10%, the new profit percentage will be:
Let the printed price be x
Commision = .15x
Cost price = (x-.15x)/1.19 = .85x/1.19
New profit percentage = (x-.1x)/Cost Price - 1= .9x*1.19/.85x - 1 = .9*1.19/.85 - 1 = .26 = 26%
IMO C
Asked: If the commission is decreased to 10%, the new profit percentage will be:
Let the printed price be x
Commision = .15x
Cost price = (x-.15x)/1.19 = .85x/1.19
New profit percentage = (x-.1x)/Cost Price - 1= .9x*1.19/.85x - 1 = .9*1.19/.85 - 1 = .26 = 26%
IMO C
