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      Question

      Suppose you have an item on which you earn a profit of

      180% over its cost price. If the cost price of the item rises by 12%, but you continue to sell it at the same price, what will be the new percentage of profit you make on the item?
      A 145% Correct Answer Incorrect Answer
      B 160% Correct Answer Incorrect Answer
      C 250% Correct Answer Incorrect Answer
      D 150% Correct Answer Incorrect Answer
      E none of these Correct Answer Incorrect Answer

      Solution

      ATQ, Let the cost price be Rs. 100 Selling price = Rs. 100 + 100 × 180% = Rs. 280 After increment, Cost price = 100 × 112% = Rs. 112 Selling price = Rs. 280 Profit =280 – 112 = Rs. 168 Profit percentage = (168/112) × 100 = 150%

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