Practicing Success
Aman sells his goods at a certain price, 20% of which is profit. If the price at which he buys the goods increases by 10% and he sells them at a 9% higher price, then what will be his profit percentage? |
22.8% 23.8% 23% 24.5% |
23.8% |
Let SP = 100 20% of it is profit SP Profit CP 100 20 80 +9% ↓ ↓ +10% P% = \(\frac{21}{88}\) × 100 109 88 = 23.8% Diff 109 - 88 = 21 |