New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A product costs a company Rs 120 to manufacture and it

    sold the product to a dealer for Rs 140, who is turn sold it to a shopkeeper for Rs 170, who sold to a customer for Rs 204. What is the percentage for the dealers and who made the highest profit on selling the product?
    A 16(2/3)% dealer Correct Answer Incorrect Answer
    B 16(2/3)% company Correct Answer Incorrect Answer
    C 21(3/7)% dealer Correct Answer Incorrect Answer
    D 21(3/7)% shopkeeper Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Company profit percentage = [(140-120)/120] × 100 = 16(2/3) % Then, dealer’s profit percentage = [(170-140)/140] × 100 = 21(3/7) % Then, Shopkeeper’s profit percentage = [(204-170)/170] × 100 = 20% Among the three, dealer get the highest profit percent.

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