Question

When an article was sold for 14 dollars, the profit was 40%, what would have been the profit if it had been sold for 16 dollars?​

Answer 1

Answer:

60%

Step-by-step explanation:

40% profit means 1+(40/100) of X is 14

where X is cost price

1.4x = 14

X=10

(16-10)*100/10 = 60%

Answer 2

Answer:

6 dollars

or

60%

Step-by-step explanation:

Cost price = (100×14)/100+40

= (100×14)/140

= 10 dollars

So, profit earned when the article is sold for 16 dollars = (16-10) = 6 dollars

Profit in percentage = (6×100)/10 = 60%