An article costs Rs. $1, 050$ to a manufacturer who lists its price at Rs. $1, 200$ . He sells it to a trader at a discount of $5 %$ . The trader gets a further discount of $5 %$ for cash payment. Calculate the profit percent that the manufacturer makes on the sale.

3 \frac{1}{7} %

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3 \frac{1}{8} %

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2 \frac{1}{7} %

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none of these

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Solution

The correct option is A $3 \frac{1}{7} %$
An article costs Rs. $1, 050$ to a manufacturer who lists its price at Rs. $1, 200$
Manufacturer give $5 %$ discount on sell, so selling price $=$ $1200 - 1200 (\frac{5}{100}) = 1140$
he gave other $5 %$ discount on cash sell.
So, selling price after cash sell $=$ $1140 - 1140 (\frac{5}{100}) = 1083$
Profit $= 1083 - 1050 = 33$
$%$ of profit $=$ $\frac{33 \times 100}{1050}$ = $3 \frac{1}{7}$ $%$

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An article costs Rs. 1,050 to a manufacturer who lists its price at Rs. 1,200. He sells it to a trader at a discount of 5%. The trader gets a further discount of 5% for cash payment. Calculate the profit percent that the manufacturer makes on the sale.

An article costs Rs. $1, 050$ to a manufacturer who lists its price at Rs. $1, 200$ . He sells it to a trader at a discount of $5 %$ . The trader gets a further discount of $5 %$ for cash payment. Calculate the profit percent that the manufacturer makes on the sale.