Question 114

On an article the profit is 230% of the cost price. If the cost price increases by 50% but the selling price remains constant, then what is the new profit percentage?

Solution

Let cost price = Rs. 100

=> Profit = $$\frac{230}{100}\times100=Rs.$$ $$230$$

=> Selling price = $$230+100=Rs.$$ $$330$$

Now new cost price = $$100+(\frac{50}{100}\times100)=Rs.$$ $$150$$

Thus, new profit % = $$\frac{(330-150)}{150}\times100$$

= $$\frac{180}{1.5}=120\%$$

=> Ans - (C)

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