Question 99
P bought an article for Rs. 400 and sold it at a profit of 10%. What would have been the increase in the profit percent if it was sold for Rs. 460?
Solution
If it was sold for 460 Rs. ,
then profit of the article would have been
{(460-400)/400}×100
=15 %.
Then, he would have been realised (15-10)%
or 5% increment in profit percentage.
A is correct choice.
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