Question
When a person sold an article, his profit% is 45% of the
selling price. If the cost price is increased by 60% and the selling price remains the same, then find decrement in the profit is what percent of the selling price of the article.Solution
Let Selling price = 100 and Profit = 45 Then, CP = 100 – 45 = 55 Increased in CP = (60/100) × 55 = 33 New CP = 55 + 33 = 88 Profit% = [(100 – 88)/100] × 100 = 12%
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