Question
On an article, the profit earned is 200 percent of the
cost price. If the cost price increases by 50 percent but the selling price remains same, then what will be the new profit percentage?Solution
Let CP be Rs. 100 Profit = Rs. 200 SP = 200 + 100 = 300 New CP = 100 × 150/100 = 150 Required new Profit % = (300 – 150)/150 × 100 = 100%
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