UPSC Exam > UPSC Questions > An automobile manufacture on 35% profit by se...
Start Learning for Free
An automobile manufacture on 35% profit by selling each car for 452000 if production cost increase by 20% what should be the new selling price of cars as to get a profit of 20%?
Most Upvoted Answer
An automobile manufacture on 35% profit by selling each car for 452000...
To determine the new selling price of the cars after a 20% increase in production cost, while aiming for a 20% profit margin, we need to break down the calculations step-by-step.
Initial Selling Price and Profit Calculation
- **Selling Price (SP)**: ₹452,000
- **Profit Percentage**: 35%
Using the formula for profit:
- **Cost Price (CP)** can be calculated as:
\[
CP = \frac{SP}{1 + \text{Profit Percentage}}
\]
- Therefore,
\[
CP = \frac{452000}{1 + 0.35} = \frac{452000}{1.35} \approx ₹334,814.81
\]
Increased Production Cost
- **Increase in Cost**: 20% of CP
\[
\text{New CP} = CP + (0.20 \times CP) = CP \times 1.20 = 334814.81 \times 1.20 \approx ₹401,777.77
\]
New Selling Price for Desired Profit
- **Target Profit Percentage**: 20%
To find the new selling price (NSP):
\[
NSP = \text{New CP} \times (1 + \text{Target Profit Percentage})
\]
\[
NSP = 401777.77 \times (1 + 0.20) = 401777.77 \times 1.20 \approx ₹482,133.32
\]
Conclusion
- The new selling price to achieve a 20% profit after a 20% increase in production cost should be approximately **₹482,133.32**.
Initial Selling Price and Profit Calculation
- **Selling Price (SP)**: ₹452,000
- **Profit Percentage**: 35%
Using the formula for profit:
- **Cost Price (CP)** can be calculated as:
\[
CP = \frac{SP}{1 + \text{Profit Percentage}}
\]
- Therefore,
\[
CP = \frac{452000}{1 + 0.35} = \frac{452000}{1.35} \approx ₹334,814.81
\]
Increased Production Cost
- **Increase in Cost**: 20% of CP
\[
\text{New CP} = CP + (0.20 \times CP) = CP \times 1.20 = 334814.81 \times 1.20 \approx ₹401,777.77
\]
New Selling Price for Desired Profit
- **Target Profit Percentage**: 20%
To find the new selling price (NSP):
\[
NSP = \text{New CP} \times (1 + \text{Target Profit Percentage})
\]
\[
NSP = 401777.77 \times (1 + 0.20) = 401777.77 \times 1.20 \approx ₹482,133.32
\]
Conclusion
- The new selling price to achieve a 20% profit after a 20% increase in production cost should be approximately **₹482,133.32**.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
An automobile manufacture on 35% profit by selling each car for 452000 if production cost increase by 20% what should be the new selling price of cars as to get a profit of 20%?
Question Description
An automobile manufacture on 35% profit by selling each car for 452000 if production cost increase by 20% what should be the new selling price of cars as to get a profit of 20%? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about An automobile manufacture on 35% profit by selling each car for 452000 if production cost increase by 20% what should be the new selling price of cars as to get a profit of 20%? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An automobile manufacture on 35% profit by selling each car for 452000 if production cost increase by 20% what should be the new selling price of cars as to get a profit of 20%?.
An automobile manufacture on 35% profit by selling each car for 452000 if production cost increase by 20% what should be the new selling price of cars as to get a profit of 20%? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about An automobile manufacture on 35% profit by selling each car for 452000 if production cost increase by 20% what should be the new selling price of cars as to get a profit of 20%? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An automobile manufacture on 35% profit by selling each car for 452000 if production cost increase by 20% what should be the new selling price of cars as to get a profit of 20%?.
Solutions for An automobile manufacture on 35% profit by selling each car for 452000 if production cost increase by 20% what should be the new selling price of cars as to get a profit of 20%? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of An automobile manufacture on 35% profit by selling each car for 452000 if production cost increase by 20% what should be the new selling price of cars as to get a profit of 20%? defined & explained in the simplest way possible. Besides giving the explanation of
An automobile manufacture on 35% profit by selling each car for 452000 if production cost increase by 20% what should be the new selling price of cars as to get a profit of 20%?, a detailed solution for An automobile manufacture on 35% profit by selling each car for 452000 if production cost increase by 20% what should be the new selling price of cars as to get a profit of 20%? has been provided alongside types of An automobile manufacture on 35% profit by selling each car for 452000 if production cost increase by 20% what should be the new selling price of cars as to get a profit of 20%? theory, EduRev gives you an
ample number of questions to practice An automobile manufacture on 35% profit by selling each car for 452000 if production cost increase by 20% what should be the new selling price of cars as to get a profit of 20%? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup