The cost price of an article increased by 20%. hence the shop-keeper increased his selling price also by 20%. Then which of the following statement is true about the change in profit percentage of the shop-keeper, because of the above changes?

Choose one answer.
a. The profit percentage of the shop-keeper remains the same.
b. The profit percentage of the shop-keeper increases.
c. The profit percentage of the shop-keeper decreases.
d. The change in profit percentage depends on the Cost price and selling price of the shop-keeper.

• the profit percentage of the shop -keeper remains the same
  
• 9 years agoHelpfull: Yes(0) No(3)
• sp=cp+profit
  intially take cp=100 sp=125 profit=25
  cp 100 now it becomes 110
  sp 125 now 125*1.1=137.5
  and so profit also increases from 25=27.5 which is 25*1.1
  means 10 increase in profit too
• 9 years agoHelpfull: Yes(0) No(0)