Question

P bought an article for Rs 1600 and sold at a profit of 10% what would have been increase in the profit percent if it was sold for Rs 1840​

Answer 1

Answer:

There would have been an increase in profit by 5℅. The new profit ℅ would have been 15℅.

Step-by-step explanation:

Cost price( C.P) = Rs. 1600

New Selling price ( S.P) = Rs. 1840

So, the new profit = Rs 1840 - 1600 = Rs. 240

Therefore, the new profit ℅ =( New Profit/ C.P ) × 100

New profit ℅ = (240/1600) × 100 = 15℅

Initial profit = 10℅

So, if it is sold at the new selling price, the profit percent increases by 5 in the second case.

Answer 2

Answer:

Step-by-step explanation:

Our question is: P bought an article for Rs 1600 and sold at a profit of 10%.

Our aim is to find what would have been increase in the profit percent if it was sold for Rs 1840​?

Let us consider p = Rs.1600 the price of the article, and let n = Rs.1840 the selling price.

Then we know that it is easy to conclude that the profit would be n - p, that is:

1840 - 1600 = Rs.240

Thus, P would have a profit of Rs.240, and this profit in percentage is equal to profit divided by p times 100.

This way we can reach our aim.

Thus we have:

(240/1600) × 100 = 15℅

We also can get from the information that is given above that the initial profit he would get was of 10%, since the new profit is equal to 15%, we have that the increase in profit is equal to 15 - 10 = 5%

Hence, there would have been an increase in profit by 5℅. The new profit ℅ would have been 15℅.

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