The cost price of a shirt is increased by 20%. A
trader who revised the selling price of the shirt
to maintain the same profit percentage. noted
that he got Rs.10 more in profit on selling one
shirt after he revised the selling price. What is
his new profit in Rs.?
Answers
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New Profit = Rs 60 if CP of Shirt & SP of shirt increased by 20% then Profit increased by Rs 10
Step-by-step explanation:
Let say Initial Cost Price = C
Initial Selling Price = S
Profit P = S - C
Increased Cost Price = C + (20/100)C = 1.2C
Increased Selling Price = S = (20/100)S = 1.2S
New Profit = 1.2(S - C) = 1.2P
1.2P - P = 10
=> 0.2P = 10
=> P = 50
New Profit = 1.2P = 1.2*50 = Rs 60
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