An article is sold at a profit of 32 If the cost price is increased by 20 and the sale price remains...........

Quantitative Aptitude (CDS) Profit and loss

An article is sold at a profit of 32%. If the cost price is increased by 20% and the sale price remains the same, then the profit percentage becomes

10%

12%

15%

20%

Let CP of the article = Rs. 100

Then, SP = 100 * 132/100 = 132

According to question, CP is increased by 20% and SP remains same

New CP = 100 *120/100 = 120

Profit % = (132 – 120)/ 120 * 100 = 12/120*100 = 10%

Submit Error