Question

Prashanth sold a album for $ 735 and made a profit of 22.5% . The cost price of the album went up by $120 and so Prashanth increased the selling price by $120. What is his profit % now ?
A) 19.32 %
B) 18.75 %
C) 21.41 %
D) 22 %

Answer 1

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Answer 2

Hey mate ^_^

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Answer:
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Prashanth sold a album for $ 735 and made a profit of $22.5$%

CP

$= \frac{735 \times 100}{122.5}$

$= 600$

New CP,

$= 600 + 120$

$= Rs. 720$

New SP

$= 735 + 120$

$= Rs. 855$

Profit $= Rs. 135$

Profit %

$= \frac{100 \times 135}{720}$

$= 18.75\%$

Therefore,

Correct option B) 18.75%

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