Question 81
P bought an article for Rs. 1600 and sold it at a profit of 10%. What would have been the increase in the profit percent if it was sold for Rs. 1840?
Solution
First time he sold it for$$=1600×1.1$$ Rs.
$$=1760 Rs.$$
If he sold it for 1840 Rs. then he would have been gain$$(1840-1600)/1600=0.15 $$
or 15%.
So, he would increase his profit percentage by (15-10)% or 5%.
A is correct choice.
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