On an article,the profit is 210 % of the cost | vedclass

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(A) Let the initial cost price $(C.P)$ be $₹ 100$.The initial selling price $(S.P)$ is $100 + 210 \% 	ext{ of } 100 = ₹ 310$.If the cost price increa

Vedclass · Accepted Answer

$55$

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(A) Let the initial cost price $(C.P)$ be $₹ 100$.The initial selling price $(S.P)$ is $100 + 210 \% 	ext{ of } 100 = ₹ 310$.If the cost price increases by $40 \%$,the new cost price $(C.P')$ becomes $100 + 40 \% 	ext{ of } 100 = ₹ 140$.The selling price remains constant at $₹ 310$.The new profit is $S.P - C.P' = 310 - 140 = ₹ 170$.The profit as a percentage of the selling price is $\frac{170}{310} 	imes 100 \approx 54.83 \%$.Rounding to the nearest whole number,we get approximately $55 \%$.

On an article,the profit is $210 \%$ of the cost price. If the cost price increases by $40 \%$ but the selling price remains constant,approximately what percent of the selling price will be the profit?

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