Correct option is A
Given:
Selling price for 20% profit = Rs. 4,824
Profit percentage = 20%
Formula Used:
Profit=Selling Price−Cost PriceSelling Price=Cost Price×(1+100Profit Percentage)
Solution:
Let the cost price be C.
For a 20% profit, the selling price is given by:
4,824=C×(1+10020)4,824=C×1.2C=1.24,824=4,020
Thus, the cost price of the article is Rs. 4,020.
Now, if the article is sold for Rs. 6,000, the new profit is:
New Profit = 6,000 - 4,020 = 1,980
Profit Percentage=Cost PriceProfit×100Profit Percentage=4,0201,980×100≈49.25%
Thus, the profit percentage (rounded off to the nearest integer) is 49%.