a shopkeeper sold an article at a certain price to get 25% profit. the cost price of the article is increased by 12% and hence he sold it at 20% more than the actual selling price. what is his approximate new profit percentage after the increase in the cost price?
Answers
Answered by
0
let the cost price be x
selling price equal to 5x/4
the new cost price is equal to x+ 12% of x=28x/25
new selling price equal to 5x/4+x/4=6x/4 gain is equal to 6x/4-28x/25=38x/100
new gain percent=38x/100×28x/25×100
=45.56%
selling price equal to 5x/4
the new cost price is equal to x+ 12% of x=28x/25
new selling price equal to 5x/4+x/4=6x/4 gain is equal to 6x/4-28x/25=38x/100
new gain percent=38x/100×28x/25×100
=45.56%
Similar questions