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A toy manufacturer runs his plant for 30 days in a month such that his daily output is constant during the month. He undertakes the maintenance of his plant every 6 months for 5 days in a month, during which period no toys are produced. As he has to undertake the maintenance of the plant this month, he increases his constant daily output of toys by 10 percent compared to the last month’s constant daily output. If the manufacturer wants to keep his monthly revenue unchanged as compared to last month, by approximately what percentage should be increase the price per toy?
  • a)
    7%
  • b)
    8%
  • c)
    9%
  • d)
    10%
  • e)
    11%
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
A toy manufacturer runs his plant for 30 days in a month such that his...
Given:
Earlier Month
  • Total running duration of the plant in the month = 30 days
  • Let the daily output during the month = n toys
  • Let the total monthly revenue be P
This Month
  • Maintenance Period during the month= 5 days
  • Total running duration of the plant in the month = 30 - 5 = 25 days
  •  Let the total monthly revenue be Q
To Find: To keep P = Q, by what percentage should the manufacturer increase the price per toy?
Approach:
  1. The percentage increase in the selling price needed 
    • x is the selling price per toy in the Earlier Month
    • And, y is the selling price per toy in This Month
  2. Calculating monthly revenue of the Earlier Month (P)
    • Number of toys produced in 1 day = n
    • Total number of days = 30
      • Therefore, total number of toys produced in the Earlier Month = 30n
    •  As assumed above, the selling price per toy be x
    • Hence, monthly revenue P = (30n) * x = 30nx
  3. Calculating monthly revenue of This Month(Q)
    • Number of toys produced in 1 day = 1.1n
    • Total number of days = 25
      • Therefore, total number of toys produced This Month = 1.1n*25
    • As assumed above, the selling price per toy be y
    • Hence, monthly revenue Q = (1.1n * 25) * y = 1.1*25ny
Working out:
  1. Equating the monthly revenue of both the months, we have
​​
2. So, the percentage increase in the price can be calculated as:
Answer : C
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Most Upvoted Answer
A toy manufacturer runs his plant for 30 days in a month such that his...
Given:
Earlier Month
  • Total running duration of the plant in the month = 30 days
  • Let the daily output during the month = n toys
  • Let the total monthly revenue be P
This Month
  • Maintenance Period during the month= 5 days
  • Total running duration of the plant in the month = 30 - 5 = 25 days
  •  Let the total monthly revenue be Q
To Find: To keep P = Q, by what percentage should the manufacturer increase the price per toy?
Approach:
  1. The percentage increase in the selling price needed 
    • x is the selling price per toy in the Earlier Month
    • And, y is the selling price per toy in This Month
  2. Calculating monthly revenue of the Earlier Month (P)
    • Number of toys produced in 1 day = n
    • Total number of days = 30
      • Therefore, total number of toys produced in the Earlier Month = 30n
    •  As assumed above, the selling price per toy be x
    • Hence, monthly revenue P = (30n) * x = 30nx
  3. Calculating monthly revenue of This Month(Q)
    • Number of toys produced in 1 day = 1.1n
    • Total number of days = 25
      • Therefore, total number of toys produced This Month = 1.1n*25
    • As assumed above, the selling price per toy be y
    • Hence, monthly revenue Q = (1.1n * 25) * y = 1.1*25ny
Working out:
  1. Equating the monthly revenue of both the months, we have
​​
2. So, the percentage increase in the price can be calculated as:
Answer : C
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Community Answer
A toy manufacturer runs his plant for 30 days in a month such that his...
c
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A toy manufacturer runs his plant for 30 days in a month such that his daily output is constant during the month. He undertakes the maintenance of his plant every 6 months for 5 days in a month, during which period no toys are produced. As he has to undertake the maintenance of the plant this month, he increases his constant daily output of toys by 10 percent compared to the last month’s constant daily output. If the manufacturer wants to keep his monthly revenue unchanged as compared to last month, by approximately what percentage should be increase the price per toy?a)7%b)8%c)9%d)10%e)11%Correct answer is option 'C'. Can you explain this answer?
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A toy manufacturer runs his plant for 30 days in a month such that his daily output is constant during the month. He undertakes the maintenance of his plant every 6 months for 5 days in a month, during which period no toys are produced. As he has to undertake the maintenance of the plant this month, he increases his constant daily output of toys by 10 percent compared to the last month’s constant daily output. If the manufacturer wants to keep his monthly revenue unchanged as compared to last month, by approximately what percentage should be increase the price per toy?a)7%b)8%c)9%d)10%e)11%Correct answer is option 'C'. Can you explain this answer? for GMAT 2025 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about A toy manufacturer runs his plant for 30 days in a month such that his daily output is constant during the month. He undertakes the maintenance of his plant every 6 months for 5 days in a month, during which period no toys are produced. As he has to undertake the maintenance of the plant this month, he increases his constant daily output of toys by 10 percent compared to the last month’s constant daily output. If the manufacturer wants to keep his monthly revenue unchanged as compared to last month, by approximately what percentage should be increase the price per toy?a)7%b)8%c)9%d)10%e)11%Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for GMAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A toy manufacturer runs his plant for 30 days in a month such that his daily output is constant during the month. He undertakes the maintenance of his plant every 6 months for 5 days in a month, during which period no toys are produced. As he has to undertake the maintenance of the plant this month, he increases his constant daily output of toys by 10 percent compared to the last month’s constant daily output. If the manufacturer wants to keep his monthly revenue unchanged as compared to last month, by approximately what percentage should be increase the price per toy?a)7%b)8%c)9%d)10%e)11%Correct answer is option 'C'. Can you explain this answer?.
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