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    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?
    A 150 percent Correct Answer Incorrect Answer
    B 50 percent Correct Answer Incorrect Answer
    C 25 percent Correct Answer Incorrect Answer
    D 250 percent Correct Answer Incorrect Answer

    Solution

    According to the question: SP = 5CP Also, if Selling price = 1.5SP, then new Cost price = 6CP New SP = 1.5 × 5CP = 7.5CP New profit = 7.5CP - 6CP = 1.5CP Profit% = (1.5CP/6CP) × 100 = 25 ∴ The Profit % is 25%.

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