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by GMATinsight » Mon Dec 07, 2015 5:22 am

rajan_agarwal wrote:Q. SP was increased by 10%, Profit% increases by 30%. What was the actual Profit%?

Options: 10 20 30 40 50

Let, SP = 100

Increased SP = 110

ie. 10 = 30% of profit with previous SP

i.e. Profit = 100/3

i.e. Cost Price = 100 - 100/3 = 200/3

Actual Profit% = (100/3)*1100 / (200/3) = 50%

Answer: option E

BAD LANGUAGE OF QUESTION because options should have been in %age

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