M4maths Previous Puzzles

16 Nov 2017 Percentage

In a shop, the profit is 160% of the cost. If the cost increases by 20% but the selling price remains constant, find out approximately what percentage of the selling price is the profit?

OPtion

1) 153.85
2) 152.75
3) 154.5
4) 151.65
5) 53.85
6) 52.75
7) 54.5
8) 116.66
9) 50.35
10) None of these

Solution

Let the CP be Rs. 100
SP considering 160% of profit = 100+160 = Rs. 260
CP after 20 increase = Rs. 120

Profit = 260 – 120 = Rs. 140
Profit % on SP = (140/260)*100 = 53.85 (approximately)
Option 5)

Correct Option: 5 Best Solution (0)