When a producer allows 36% commission on retail price of his product, he earns a profit of 8.8%. what would be his profit % if the commission is reduced by 24%?	Choose the correct choice from the following options:	A) 45.9	B) 47.9	C) 49.6	D) 51.9	E) None of them
Let the retail price =Rs 100.then, commission=Rs 36   S.P=Rs(100-36)= 
<gadget id="calculator">(100-36)</gadget>
<output>64</output>
Rs 64   But, profit=8.8%   C.P=Rs(100/108.8*64)=Rs 1000/17   New commission =Rs12. New S.P=Rs(100-12)Rs 88   Gain=Rs(88-1000/17)=Rs 496/17   Gain%=(496/17*17/1000*100)= 
<gadget id="calculator">(496/17*17/1000*100)</gadget>
<output>248/5 = around 49.6</output>
49.6%   Answer is 49.6.
<result>C</result>
When a producer allows 36% commission on retail price of his product, he earns a profit of 8.8%. what would be his profit % if the commission is reduced by 24%?