1. For an article the profit is 190% of the cost price. If the cost price increase by 10% but the selling price remains same, then profit is what percentage of selling price (approximately)?
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By: anil on 05 May 2019 01.47 am
Let cost price = Rs. $$100x$$ => Profit = $$frac{190}{100} imes100x=Rs.$$ $$190x$$ Thus, selling price = Rs. $$(100x+190x)=Rs.$$ $$290x$$ If cost price is increased by 10%, => New cost price = $$100x imesfrac{110}{100}=Rs.$$ $$110x$$ => New profit = Rs. $$(290x-110x)=Rs.$$ $$180x$$ $$ herefore$$ Required % = $$frac{180x}{290x} imes100$$ = $$frac{1800}{29}=62.06approx 62\%$$ => Ans - (B)
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