Question

if the selling price of an article is increased to 110 % there is a profit of 120 % on cost price what was initial profit percentage​

Answer 1

Answer:

initial profit percentage​ = 100 %

Step-by-step explanation:

Let say Earlier Cost Price = C

& Earlier Selling Price = S

Earlier Profit =  S - C

selling price of an article is increased to 110 %

=> New Selling Price = 1.1S

Profit = 120% on cost Price

=> Profit = 1.2C

Selling Price = C + 1.2C = 2.2C

1.1S = 2.2C

=> S = 2C

Earlier Profit = 2C - C = C

Earlier Profit % = (C/C) * 100 = 100 %

initial profit percentage​ = 100 %