Multiple choice

In a shop, on a certain commodity, SP is 480% of CP. If CP increases by 100%, what will be the profit percentage?

  1. 140%

  2. 150%

  3. 180%

  4. 120%

  5. None of these
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A Correct answer
Explanation

Initial SP = 4.8 * CP. If CP increases by 100%, new CP = 2 * CP. The SP remains 4.8 * CP. New profit = 4.8 * CP - 2 * CP = 2.8 * CP. Profit percentage = (2.8 * CP / 2 * CP) * 100 = 140%.

AI explanation

Let the initial cost price be 100, making the initial selling price 480 and the initial profit 380. The new cost price increases by 100 percent to 200, while the selling price remains 480. The new profit is 480 - 200 = 280, so the new profit percentage is (280 divided by 200) multiplied by 100, resulting in a 140 percent profit.

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