A profit of is made by selling an article for . If the article were sold for , what would be the profit percentage?
- A30%
- B35%
- C40%
- D45%
Solution & Step-by-step Explanation
Let the Cost Price of the article be .
Given:
* First Selling Price () =
* Profit percentage =
Using the formula for cost price:
Now, we calculate the profit percentage when the new Selling Price () is :
Given:
* First Selling Price () =
* Profit percentage =
Using the formula for cost price:
Now, we calculate the profit percentage when the new Selling Price () is :