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A company bought 500 units of a product at $15 per unit. Due to a manufacturing defect, 10% of the units were deemed unsellable. To make up for the loss, the company increased the selling price of the remaining units by 20%. If the company sold all the units, calculate the overall profit or loss percentage. Answer: The overall profit percentage is 7%.?
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A company bought 500 units of a product at $15 per unit. Due to a manu...
Revenue from Selling Units:
The company bought 500 units of a product at $15 per unit, so the total cost of the units is 500 * $15 = $7500.
Due to a manufacturing defect, 10% of the units were deemed unsellable. Therefore, the company had 500 * 10% = 50 unsellable units.
As a result, the company could only sell 500 - 50 = 450 units.
Increased Selling Price:
To make up for the loss from the unsellable units, the company decided to increase the selling price of the remaining units by 20%.
The selling price of each unit increased by 20% of $15, which is 20/100 * $15 = $3.
So, the new selling price per unit is $15 + $3 = $18.
Revenue from Selling the Remaining Units:
The company sold all the remaining units, which is 450 units.
Therefore, the revenue from selling the remaining units is 450 * $18 = $8100.
Profit or Loss Calculation:
To calculate the overall profit or loss percentage, we need to compare the revenue from selling the remaining units with the cost of all the units.
Total Cost:
The company bought 500 units at $15 per unit, so the total cost is 500 * $15 = $7500.
Profit or Loss:
The profit or loss is the difference between the revenue from selling the remaining units and the total cost.
Profit or Loss = Revenue - Cost
Profit or Loss = $8100 - $7500 = $600
Profit or Loss Percentage:
To calculate the profit or loss percentage, we divide the profit or loss by the total cost and multiply by 100.
Profit or Loss Percentage = (Profit or Loss / Total Cost) * 100
Profit or Loss Percentage = ($600 / $7500) * 100 ≈ 8%
Conclusion:
The overall profit percentage is approximately 8%, which means the company made a profit on the sale of the units.
The company bought 500 units of a product at $15 per unit, so the total cost of the units is 500 * $15 = $7500.
Due to a manufacturing defect, 10% of the units were deemed unsellable. Therefore, the company had 500 * 10% = 50 unsellable units.
As a result, the company could only sell 500 - 50 = 450 units.
Increased Selling Price:
To make up for the loss from the unsellable units, the company decided to increase the selling price of the remaining units by 20%.
The selling price of each unit increased by 20% of $15, which is 20/100 * $15 = $3.
So, the new selling price per unit is $15 + $3 = $18.
Revenue from Selling the Remaining Units:
The company sold all the remaining units, which is 450 units.
Therefore, the revenue from selling the remaining units is 450 * $18 = $8100.
Profit or Loss Calculation:
To calculate the overall profit or loss percentage, we need to compare the revenue from selling the remaining units with the cost of all the units.
Total Cost:
The company bought 500 units at $15 per unit, so the total cost is 500 * $15 = $7500.
Profit or Loss:
The profit or loss is the difference between the revenue from selling the remaining units and the total cost.
Profit or Loss = Revenue - Cost
Profit or Loss = $8100 - $7500 = $600
Profit or Loss Percentage:
To calculate the profit or loss percentage, we divide the profit or loss by the total cost and multiply by 100.
Profit or Loss Percentage = (Profit or Loss / Total Cost) * 100
Profit or Loss Percentage = ($600 / $7500) * 100 ≈ 8%
Conclusion:
The overall profit percentage is approximately 8%, which means the company made a profit on the sale of the units.
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A company bought 500 units of a product at $15 per unit. Due to a manufacturing defect, 10% of the units were deemed unsellable. To make up for the loss, the company increased the selling price of the remaining units by 20%. If the company sold all the units, calculate the overall profit or loss percentage. Answer: The overall profit percentage is 7%.?
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A company bought 500 units of a product at $15 per unit. Due to a manufacturing defect, 10% of the units were deemed unsellable. To make up for the loss, the company increased the selling price of the remaining units by 20%. If the company sold all the units, calculate the overall profit or loss percentage. Answer: The overall profit percentage is 7%.? for Class 5 2024 is part of Class 5 preparation. The Question and answers have been prepared according to the Class 5 exam syllabus. Information about A company bought 500 units of a product at $15 per unit. Due to a manufacturing defect, 10% of the units were deemed unsellable. To make up for the loss, the company increased the selling price of the remaining units by 20%. If the company sold all the units, calculate the overall profit or loss percentage. Answer: The overall profit percentage is 7%.? covers all topics & solutions for Class 5 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A company bought 500 units of a product at $15 per unit. Due to a manufacturing defect, 10% of the units were deemed unsellable. To make up for the loss, the company increased the selling price of the remaining units by 20%. If the company sold all the units, calculate the overall profit or loss percentage. Answer: The overall profit percentage is 7%.?.
A company bought 500 units of a product at $15 per unit. Due to a manufacturing defect, 10% of the units were deemed unsellable. To make up for the loss, the company increased the selling price of the remaining units by 20%. If the company sold all the units, calculate the overall profit or loss percentage. Answer: The overall profit percentage is 7%.? for Class 5 2024 is part of Class 5 preparation. The Question and answers have been prepared according to the Class 5 exam syllabus. Information about A company bought 500 units of a product at $15 per unit. Due to a manufacturing defect, 10% of the units were deemed unsellable. To make up for the loss, the company increased the selling price of the remaining units by 20%. If the company sold all the units, calculate the overall profit or loss percentage. Answer: The overall profit percentage is 7%.? covers all topics & solutions for Class 5 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A company bought 500 units of a product at $15 per unit. Due to a manufacturing defect, 10% of the units were deemed unsellable. To make up for the loss, the company increased the selling price of the remaining units by 20%. If the company sold all the units, calculate the overall profit or loss percentage. Answer: The overall profit percentage is 7%.?.
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A company bought 500 units of a product at $15 per unit. Due to a manufacturing defect, 10% of the units were deemed unsellable. To make up for the loss, the company increased the selling price of the remaining units by 20%. If the company sold all the units, calculate the overall profit or loss percentage. Answer: The overall profit percentage is 7%.?, a detailed solution for A company bought 500 units of a product at $15 per unit. Due to a manufacturing defect, 10% of the units were deemed unsellable. To make up for the loss, the company increased the selling price of the remaining units by 20%. If the company sold all the units, calculate the overall profit or loss percentage. Answer: The overall profit percentage is 7%.? has been provided alongside types of A company bought 500 units of a product at $15 per unit. Due to a manufacturing defect, 10% of the units were deemed unsellable. To make up for the loss, the company increased the selling price of the remaining units by 20%. If the company sold all the units, calculate the overall profit or loss percentage. Answer: The overall profit percentage is 7%.? theory, EduRev gives you an
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