Question
Selling price of an article is 5 times of it cost
price. If selling price is increased by 50 percent and cost price is increased by 500 percent, then what will be the new profit percentage?Solution
According to the question: SP = 5CP Also, if Selling price = 1.5SP, then new Cost price = 6CP New SP = 1.5 Ă 5CP = 7.5CP New profit = 7.5CP - 6CP = 1.5CP Profit% = (1.5CP/6CP) Ă 100 = 25 â´ The Profit % is 25%.
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