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Aptitude::Profit and Loss

Home > Quantitative Aptitude > Profit and Loss > Subjective Solved Examples

Example 1 / 1

Vikas bought an article at Rs. 150 and sold it at a profit of 20%. What would have been the increase in the profit percent if it was sold for Rs. 195?
CP = Rs. 150
profit% = 20%
Now, SP = 150 x \(\frac{120}{100}\) = Rs. 180
New SP = Rs. 195
Now, profit% = \(\frac{195-150}{150}\) x 100 = 30%
Hence, increase in profit% = 10% Ans.
SP = CP x (100+Profit)%
profit% = \(\frac{SP-CP}{CP}\) x 100
NA
Initial profit is given, now, with the help of new SP given, find the new profit %, the difference between the two profit % will give the increase in profit %.
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