Question

A shopkeeper earns a profit of 30% by selling an article. What would be the approximate percent change in the profit percent, if he had paid 20% less and sold at 20% more?

A 195% Correct Answer Incorrect Answer
B 201% Correct Answer Incorrect Answer
C 190% Correct Answer Incorrect Answer
D 217% Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Original profit = 30% Let the original C.P = Rs. 100 ∴ S.P = Rs.130 Now, New C.P = Rs. 80 And New S.P = 120 % of 130 = Rs. 156 ∴ New Profit % = 76/80*100 = 95% ∴ % change in profit percent = 95-30/30*100 = 65/30*100 = 216.66% approx.

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