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?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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