The price of a table which is sold for Rs. 4000 is made up as follows: cost of material, 30%; cost of manufacture, 50%, profit, 20%. If the cost of material falls and the cost of manufacture rises 20%. Find the new profit if the table is still sold for Rs. 4000?
The price of a table which is sold for Rs. 4000 is made up as follows: cost of material, 30%; cost of manufacture, 50%, profit, 20%. If the cost of material falls and the cost of manufacture rises 20%. Find the new profit if the table is still sold for Rs. 4000?
(a):Cost of material = 30% of 4000 = 1200
New cost of material = = 1150
Cost of manufacturing = = 2400
So, new profit = 4000 – (2400 + 1150) = 450
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