Railways Technical Ability Production Engineering and Planning Question Bank Production Planning

  • question_answer 61. A dealer sells a radio set at Rs. 900 and makes 80% profit on his investment. It he can sell it at Rs. 200 more, his profit as percentage of investment will be;

    A) 160                              

    B) 180

    C) 100                              

    D) 120

    Correct Answer: D

    Solution :

    Let principle value of radio = Rs. X  \[900=X\,(1+0.8)\] \[X=500\] Net profit \[=900+200\]             \[=500\,\,(1+y)\] \[y=\frac{1100}{500}=1.2\,\,or\,\,120%\]


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