Multiple choice

A man gains 25% by selling a car. If the selling price of car is increased by 20%, Find the new profit percent ?

  1. 30 %

  2. 33.33 %

  3. 45%

  4. 50%

  5. 60%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let cost price = 100. Initial selling price = 125. New selling price = 125 * 1.20 = 150. New profit = 150 - 100 = 50. New profit percent = (50/100) * 100 = 50%.

AI explanation

Let the cost price of the car be 100, which means the initial selling price with a 25% gain is 125. The increased selling price is calculated by adding 20% of 125 to it, making the new selling price 125 + 25 = 150. The new profit percent is the difference between the new selling price and the cost price, calculated as ((150 - 100) / 100) multiplied by 100, which equals 50%.

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