The selling price of mobiles of 5 companies in different years are presented below: SELLING PRICES OF…
The 2019 manufacturing cost of model E is 4500/3 = 1500. Comparing the 2023 selling price of 2000 with that cost gives a profit percentage of (2000 − 1500)/1500 × 100 = 33…
Choose your answer
The selling price of mobiles of 5 companies in different years are presented below:
SELLING PRICES OF MOBILES
SELLING PRICES OF MOBILES
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| A | 4000 | 3500 | 3000 | 2500 | 2200 |
| B | 18000 | 15000 | 12000 | 10000 | 8500 |
| C | 9500 | 8000 | 7500 | 6000 | 5000 |
| D | 11000 | 9500 | 8000 | 7500 | 6000 |
| E | 4500 | 4000 | 3500 | 3000 | 2000 |
If the ratio of the manufacturing cost to the selling price for a model E mobile phone is 1:3 in the year 2019, and the manufacturing cost does not change after 2019, then what is the profit percentage obtained by selling an E model mobile in the year 2023?
Answer and explanation
Correct answer B
The 2019 manufacturing cost of model E is 4500/3 = 1500. Comparing the 2023 selling price of 2000 with that cost gives a profit percentage of (2000 − 1500)/1500 × 100 = 33 1/3%.
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