A hardware store purchased a tool of 20,000 per unit.  At when price should the tool be sold so that giving on 15% discount will provide them with 25% profit?

2. An engineer bought second hand service car Ang later sold it to a client at a profit of 20%. The said client  then resold the car to a trader of a profit of 28%. If he paid 30,000 more than it cost the engineer, how much did the engineer paid the car?

3. A fixed capital Investment of 12M is required for a production plant and an estimated working capital of 3M. Annual depreciation is estimated to be 15% of the capital Investment. Determine the rate of a return on the total investment and the length of time to recover it if the annual profit is 2.8M.

Answer rating: 100% (QA)

1 Lets start by finding the cost price of the tool which is 20000 per unit To obtain a 25 profit the selling price should be 125 of the cost price or ... View the full answer