PROFIT AND LOSS
Asked by
| 12th Jul, 2009,
05:08: AM
Expert Answer:
1/2 of goods earn him a profit = 0.25 x 1/2 = 0.125 .
1/4 of goods would have earned him a profit of = 0.25 x 1/4
but since by discounting 10% he also loses 10% of profit,
the profit earned would be = 0.90 x (0.25 x 1/4) = 0.056
Similarly the remaining fraction i.e. 1/8 each earn him a profit of = 0.90(2 x 0.25 x1/8) = 0.056
Hence total profit = 0.125 + 0.056 + 0.056 = 0.237 i.e. 23.7%
Regards,
Team,
TopperLearning.
Answered by
| 21st Aug, 2009,
07:10: PM
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