Question: question number 14 Find the single equivalent rate. 14. A discount of 3331% is allowed on the list price of a certain make of guns.

question number 14 Find the single equivalent rate. 14. A discount

question number 14

Find the single equivalent rate. 14. A discount of 3331% is allowed on the list price of a certain make of guns. The importer has to pay duty at 20% on the net invoice price and his expenses are estimated at 10% on the same. If the guns are sold at the price plus duty calculated on the list price, what profit is made? (P.U. ; Ans. 33T26%)

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