The price of an article is £6,000.00. It is made up as follows: Cost of materials Cost of manufacture 50%; And the rest is profit. If the cost of materials falls by 10% and the cost of manufacture increases by 10% but the price remains the same. (a) find (i) the new profit (ii) the percentage change in profit; b) find the new price of the article if the original profit is maintained. 20%;

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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(111)
the publisher's net profit, correct to one
decimal place.
9. The price of an article is £6,000.00. It is
made up as follows:
Cost of materials
Cost of manufacture 50%:
And the rest is profit.
If the cost of materials falls by 10% and the
cost of manufacture increases by 10% but the
price remains the same.
20%:
(a) find
(i) the new profit
(ii) the percentage change in profit3;
(b) find the new price of the article if the
original profit is maintained.
Transcribed Image Text:(111) the publisher's net profit, correct to one decimal place. 9. The price of an article is £6,000.00. It is made up as follows: Cost of materials Cost of manufacture 50%: And the rest is profit. If the cost of materials falls by 10% and the cost of manufacture increases by 10% but the price remains the same. 20%: (a) find (i) the new profit (ii) the percentage change in profit3; (b) find the new price of the article if the original profit is maintained.
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