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      Question

      When a person sold an article, his profit% is 60% of the selling price. If the cost price is increased by 80% and the selling price remains the same, then decrement in the profit is what percent of the selling price of the article.

      A 14% Correct Answer Incorrect Answer
      B 20% Correct Answer Incorrect Answer
      C 12% Correct Answer Incorrect Answer
      D 32% Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let Selling price = 100 and Profit = 60 Then, CP = 100 – 60 = 40 Increased in CP = (80/100) × 40 = 32 New CP = 40 + 32 = 72 Profit% = [(100 – 72)/100] × 100 = 28% Decrement in Profit = 60% - 28% = 32%

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