After selling an article profit is 62.5% more than cost price. If cost price increased by 37.5% but the selling price remains same. Then what is the new profit percent.
Answers
Profit = 90.9% or 18.18 %
Step-by-step explanation:
Let say Cost Price = C
Profit = 62.5% more than cost price = C + (62.5/100)C = 1.625C
Selling Price = C + 1.625C = 2.625C
cost price increased by 37.5%
=> Cost Price = C + (37.5/100)C = 1.375C
Selling Price = 2.625C
Profit = 2.625C - 1.375C = 1.25C
Profit % = (1.25C/1.375C) * 100 = 90.9 %
if Profit is 62.5% of cost Price
Profit = (62.5/100)C = 0.625C
Selling Price = C + 0.625C = 1.625C
cost price increased by 37.5%
=> Cost Price = C + (37.5/100)C = 1.375C
Selling Price = 1.625C
Profit =1.625C - 1.375C = 0.25C
Profit % = (0.25C/1.375C) * 100 = 18.18 %
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