Question

A profit of 25% is made by selling an article for Rs. 30.  If the article was sold for Rs. 33.60, the profit would have been
1. 30%
2. 35%
3. 40%
4. 45%

Answer 1

Correct Answer - Option 3 : 40%

Given:

Profit % = 25%

Selling price = Rs.30

Formula Used:

Cost price = 100/(100 + profit %) × Selling price

Calculation:

The cost price = 100/(100 + 25) × 30 = 24

New Profit = 33.60 - 24 = 9.60

Profit % = 9.6/24 × 100 = 40%

∴ The profit percentage is 40%