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 commision is reduced by 24%?	Choose the correct option:	A) 49.6%	B) 49%	C) 50%	D) 48.6%	E) 48%
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%   49.6%nswer is 49.6%.
<result>A</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 commision is reduced by 24%?