Question

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?

Answer 1

S.P. of company $=70$ Rs

C.P. of comany $=60$ Rs

Profit of Company = $=10$ Rs

Profit % of company = $\frac{50}{3}$ %

Highest profit is made by Shopkeeper $=17$ Rs

Highest profit percent is made by dealer $=\frac{150}{7}$ %