An article is sold for ₹4,800 at a profit of 20%. If the selling price is increased by ₹600, then what will be the profit percentage?
Answer & explanation
Correct answer: option 4
The selling price of the article = 4800
Discount = 20%
Then 120% of the cost price = 4800
100% of the cost price = 4000
New selling price after increasing by 600 = 4800 + 600 = 5400
Profit % = (5400 - 4000) × \(\frac{100}{4000}\) = 35%