Question : On a certain item profit is 150%. If the cost price increases by 25%, what will be the new profit margin (in %)?
Option 1: 25
Option 2: 50
Option 3: 100
Option 4: 75
Latest: SSC CGL Tier 1 Result 2024 Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: 100
Solution : Let the initial cost price (CP) of the item be Rs. 100. Given that the profit is 150%. The selling price (SP), SP = 100 + $\frac{150}{100}$ × 100 = Rs. 250 Now, if the cost price increases by 25%. The new cost price = CP + $\frac{25}{100}$ × CP = 100 + 0.25 × 100 = Rs. 125 Assuming the selling price remains the same. The new profit = Rs. 250 – Rs. 125 = Rs. 125 The net profit margin = $\frac{125}{125}$ × 100 = 100% Hence, the correct answer is 100.
Candidates can download this ebook to know all about SSC CGL.
Result | Eligibility | Application | Selection Process | Preparation Tips | Admit Card | Answer Key
Question : The initial profit percentage on the sale of an item was 55%. If the item's cost price went up by 24%, but the selling price remained the same, what would be the new profit percentage?
Question : In a certain shop, the profit is 130% of the cost. If the cost increases by 28% and the selling price remains constant, then what is the profit percentage to the nearest whole number?
Question : A sold an article to B at 25% profit, and B further sold it to C by earning a certain profit. If the cost price for C is 30% more than the cost price for A, find the profit percentage earned by B.
Question : If the selling price of an article is doubled, then the profit becomes four times. What was the original profit percentage?
Question : A trader gains 25% by selling an article with a 20% discount on its marked price. If the cost price of the article increases by 30%, then how much discount (in %) should he offer on the same marked price to gain 15% of profit?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile