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#1 2015-04-16 09:39:20
Percentage Increase In Cost Price:
Question:
A retailer increase the selling price by 25% due to which his profit percentage increase from 20% to 25%. What is the percentage increase in cost price?
Option A):
50%
Option B):
25%
Option C):
30%
Option D):
20%
Correct Answer is Option D):
20%
Explanation:
100 (Initial CP) ---- 20% ↑(initial profit)---> 120 (SP).
120 (SP) ---25%↑ ---> 150 (New SP).
Let x be the new Cost price.
Selling Price = 150.
x * 1.25 = 150.
x = 120.
% change = [(120 -100)/ 100] *100 = 20%.
Failure is the first step towards seccess.
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2015-04-16 09:39:20
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