Question

A part of an electronics gadget costs 1/3rd of the selling price of the gadget. If the cost price of the part is increased by 10% then approximately how much hike in the original selling price of the gadget is needed to maintain the profit at 25%?

Choose the best

O 2.5%

3.33%

5.5%

O 4.16%​

Answer 1

Answer:

3.33%

Step-by-step explanation:

Assume : Cost price = 80; profit = 20; selling price = 100.

A part of gadget cost 1/3 of selling price

100×1÷3 = 33

10% on 33 = 3.33

Answer 2

given,

Electronics gadget costs=1/3 rd of the selling price of the gadget

cost price of the part is increased =10%

Profit =25%

Solution:-

Assume,

Cost price = 80

profit = 20

selling price = 100.

A part of gadget cost 1/3 of selling price

100×1÷3 = 33

10% on 33 = 3.33

Hence, the answer is 3.33 .