Question

purchase an item for rupees 1600 and sells it at a profit of 10% If he sells it as Rupees 1840 then calculate his increase profit percentage​

Answer 1

Answer:

If he sells at Rs 1840, then profit = (1840-1600)/1600 = 240/1600= 15%

Earlier he was getting 10% profit

So increase in profit = 15-10 =5

This increase is on 10% profit

Therefore % increase in profit = (5/10)×100= 50%