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A manufacturer marks his goods at 30% ab...

A manufacturer marks his goods at 30% above the cost price. He allows a discount of 10% for cash customers and 15% for credit customers. 2/5 of the goods are sold for cash and the rest on credit. What is the percentage of profit or loss, when all the goods are sold?

A

7.5% Profit

B

13.1% Profit

C

6.3% Loss

D

8% Loss

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Determine the Cost Price (CP) Let the cost price of the goods be \( CP = 500 \) rupees. ### Step 2: Calculate the Marked Price (MP) The manufacturer marks his goods at 30% above the cost price. \[ MP = CP + 30\% \text{ of } CP \] \[ MP = 500 + 0.30 \times 500 \] \[ MP = 500 + 150 = 650 \text{ rupees} \] ### Step 3: Calculate Selling Price for Cash Customers 2/5 of the goods are sold for cash. The total selling price for cash customers is: \[ \text{Selling Price for Cash} = \frac{2}{5} \times MP \] \[ \text{Selling Price for Cash} = \frac{2}{5} \times 650 = 260 \text{ rupees} \] Now, calculate the selling price after the 10% discount: \[ \text{Discount} = 10\% \text{ of } 260 = 0.10 \times 260 = 26 \text{ rupees} \] \[ \text{Selling Price after Discount} = 260 - 26 = 234 \text{ rupees} \] ### Step 4: Calculate Selling Price for Credit Customers The remaining goods (3/5) are sold on credit: \[ \text{Selling Price for Credit} = \frac{3}{5} \times MP \] \[ \text{Selling Price for Credit} = \frac{3}{5} \times 650 = 390 \text{ rupees} \] Now, calculate the selling price after the 15% discount: \[ \text{Discount} = 15\% \text{ of } 390 = 0.15 \times 390 = 58.5 \text{ rupees} \] \[ \text{Selling Price after Discount} = 390 - 58.5 = 331.5 \text{ rupees} \] ### Step 5: Calculate Total Selling Price (SP) Now, add the selling prices from cash and credit sales: \[ \text{Total SP} = \text{Selling Price for Cash} + \text{Selling Price for Credit} \] \[ \text{Total SP} = 234 + 331.5 = 565.5 \text{ rupees} \] ### Step 6: Calculate Profit Now, calculate the profit: \[ \text{Profit} = \text{Total SP} - CP \] \[ \text{Profit} = 565.5 - 500 = 65.5 \text{ rupees} \] ### Step 7: Calculate Profit Percentage Finally, calculate the profit percentage: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{CP} \right) \times 100 \] \[ \text{Profit Percentage} = \left( \frac{65.5}{500} \right) \times 100 = 13.1\% \] ### Conclusion The percentage of profit when all the goods are sold is **13.1%**. ---
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