In a shop, the profit is 150% of the cost. If the cost increases by 15% but the selling price remain

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02 Feb 2018 Percentage

In a shop, the profit is 150% of the cost. If the cost increases by 15% but the selling price remains constant, find out approximately what percentage of the selling price is the profit?

OPtion

1) 51.00
2) 117.40
3) 54.00
4) 56.00
5) 53.00
6) 115.50
7) 118.50
8) 114.00
9) 50.00
10) None of these

Solution

Let the CP be Rs. 100
SP considering 150% of profit = 100+150 = Rs. 250
CP after 15% increase = Rs. 115

Profit = 250 – 115 = Rs. 135
Profit % on SP = (135/250)*100 = 54

Option 3)

Correct Option: 3 Best Solution (0)