2018 · Q49
An article is sold at a profit of 32%. If the cost price is increased by 20% and the sale price remains the same, then the profit percentage becomes
Elementary MathematicsProfit and Loss
- A10%
- B12%
- C15%
- D20%
Explanation
Take CP = 100, so SP = 132. The new CP is 120 with SP unchanged at 132, so profit = 12/120 = 10%, option (A).