1. On an article the profit is 230% of the cost price. If the cost price increases by 50% but the selling price remains constant, then what is the new profit percentage?
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By: anil on 05 May 2019 02.26 am
Let cost price = Rs. 100 => Profit = $$frac{230}{100} imes100=Rs.$$ $$230$$ => Selling price = $$230+100=Rs.$$ $$330$$ Now new cost price = $$100+(frac{50}{100} imes100)=Rs.$$ $$150$$ Thus, new profit % = $$frac{(330-150)}{150} imes100$$ = $$frac{180}{1.5}=120\%$$ => Ans - (C)
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