For an article the profit is 190% of the cost price. If the cost price increase by 10% but the selling price remains same, then profit is what percentage of selling price (approximately)?
Let cost price = Rs. $$100x$$
=> Profit = $$\frac{190}{100}\times100x=Rs.$$ $$190x$$
Thus, selling price = Rs. $$(100x+190x)=Rs.$$ $$290x$$
If cost price is increased by 10%, => New cost price = $$100x\times\frac{110}{100}=Rs.$$ $$110x$$
=> New profit =Â Rs. $$(290x-110x)=Rs.$$ $$180x$$
$$\therefore$$ Required % = $$\frac{180x}{290x}\times100$$
= $$\frac{1800}{29}=62.06\approx 62\%$$
=> Ans - (B)
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