Multiple choice

In a certain medicine store, the profit is 120% of the cost price of the medicine. If the cost price of the medicine is increased by 5%, but the selling price remains same, then find the new profit percent?

  1. 120%

  2. 109.52%

  3. 100%

  4. 150%

  5. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP of medicine = Rs. 100.

Then, profit = Rs. 120,

SP of medicine = Rs.100 + Rs.120 = Rs. 220,

New C.P. = 100 + 5% of Rs. 100 = Rs. 105,

New S.P. = Rs. 220,

Profit = Rs. (220 - 105) = Rs. 115,

Required profit percentage = (115/105)*100 = 109.52%