Sonia owns a boutique and has invested ₹600,000 in the initial setup. She sells designer dresses, marking up the prices by 40%. During a festive season, she offers a 20% discount on all items. Sonia also invested ₹200,000 in a savings account with an interest rate of 8% per annum, compounded annually. Additionally, she has employed two tailors to manage the production. The first tailor can stitch 5 dresses in 10 hours, while the second tailor can stitch 5 dresses in 15 hours. They work together for 4 hours a day and then the first tailor continues to work alone for the rest of the day. Sonia plans to sell a batch of 50 dresses.
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1.What is the effective selling price of a dress initially priced at ₹2,000 after the markup and subsequent discount?
2.What will be the amount in Sonia’s savings account after 3 years with the interest compounded annually?
3.How many hours in total are needed for both tailors to stitch the 50 dresses if they work as per the given schedule?
4.If Sonia’s initial investment and her total revenue from selling the batch of 50 dresses are considered, what is her profit percentage?
5.What is the average number of dresses stitched per day by the tailors if they follow the given working schedule and complete the 50 dresses?