Prashanth sold a album for $ 735 and made a profit of 22.5% . The cost price of the album went up by $120 and so Prashanth increased the selling price by $120. What is his profit % now ?
Solution
Correct Answer: Option B
Prashanth sold a album for $ 735 and made a profit of 22.5% .
CP = 735 x 100/122.5 = Rs. 600
New CP = 600 + 120 = Rs. 720
New SP = 735 + 120 = Rs. 855.
Profit = Rs. 135.
profit % = 100 x 135 \(\div\) 720 = 18.75%.
Practice More Questions on Our App!
Download our app for free and access thousands of MCQ questions with detailed solutions