Question

In a transaction, the profit percentage is 80% of the cost. If the cost further increases by 20% but the selling price remains the same, how much is the decrease in profit percentage?

Answer 1

Answer:

Profit decreases by 30%

Step-by-step explanation:

Let us assume CP = Rs. 100.

Then Profit = Rs. 80 and selling price = Rs. 180.

The cost increases by 20% thus New CP = Rs. 120,

                                                          SP = Rs. 180.  

                                       Profit % = 60/120 x 100 = 50%.

                                  Therefore, Profit decreases by 30%.

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