Multiple choice

For an article, the profit is 170% of the cost price. If the cost price increases by 20%, but the selling price remains same; then what will be the new profit percentage?

  1. 41

  2. 50

  3. 75

  4. 125
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let CP = 100. Profit = 170, so SP = 270. New CP = 120. SP remains 270. New profit = 270 - 120 = 150. New profit % = (150/120) * 100 = 125%.

AI explanation

Assume the initial cost price is Rs. 100, making the original profit Rs. 170 and the selling price Rs. 270. When the cost price increases by 20%, the new cost price becomes Rs. 120. The new profit percentage is calculated using the profit percentage formula, ((270 - 120) / 120) times 100, resulting in 125%.

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