-
rajan_agarwal
- Junior | Next Rank: 30 Posts
- Posts: 20
- Joined: Sun Oct 25, 2015 3:23 am
Let, SP = 100rajan_agarwal wrote:Q. SP was increased by 10%, Profit% increases by 30%. What was the actual Profit%?
Options: 10 20 30 40 50
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
