In a transaction, profit percentage is 20% of the cost. If the cost increases by 5% but selling price remains the same, what is the new profit percentage?
Given:
Initial profit = 20% of cost
Cost increases by 5%
Selling price remains the same
Formula Used:
Profit = Selling Price - Cost Price
Profit % =
Solution:
Let original cost price = ₹100
Then profit = 20% of 100 = ₹20
So, Selling Price = 100 + 20 = ₹120
New cost price = ₹100 + 5% of 100 = ₹105
New profit = ₹120 − ₹105 = ₹15
New profit % =
English
100 Questions
100 Marks
90 Mins English English100 Questions100 Marks90 Mins English English40 Questions30 Marks25 Mins EnglishA person bought a plot for ₹1,20,000. He sold part of this plot at a loss of 10%. At what profit percent should he sell the remaining plot to earn a profit of 27% on the whole transaction?
Atul bought a bicycle at three-fourth price of its marked price and sold it at 20% more than its marked price. What will be the profit percentage?
The cost price of article A is ₹ 500 more than the cost price of article B. Article A is sold at a loss of 10% and B is sold at a profit of 20%. If there is a profit of ₹200 in the entire transaction, then the cost price of article A is :
Vinay bought 100 pens (all at same cost price). He sold 40 pens at a profit of 20 percent, 20 pens at a profit of 40 percent and the remaining at the cost price. If he had sold all at a profit of 20 percent, then he would have got Rs. 160 more. What is the cost price of each pen?
A ration shop dealer sells his sugar using weights has 10% less than the true weight and makes a profit of 15%. Find his total gain percentage.
A shopkeeper allows a discount of 20% on the marked price. What price must be marked on an article costing ₹3360, so as to make a gain of 25%?
An article was sold at ₹600, making a profit of 20%. The cost price of the article was
Suggested Test Series
Suggested Test Series
