1. On an article the profit is 210% of the cost price. If the cost price increase by 40% but the selling price remains constant, then approximately what percentage of selling price will be the profit?
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By: anil on 05 May 2019 02.26 am
Let cost price = Rs. 100 => Profit = $$frac{210}{100} imes100=Rs.$$ $$210$$ => Selling price = $$210+100=Rs.$$ $$310$$ Now new cost price = $$100+(frac{40}{100} imes100)=Rs.$$ $$140$$ Thus, new profit = $$310-140=Rs.$$ $$170$$ => Required % = $$frac{170}{310} imes100approx55\%$$ => Ans - (A)
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