Multiple Choice Questions on P bought an article for Rs 1600 and sold it at a profit of 10 What would have been the increas........... for RRB(NTPC) Exam Preparation

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Multiple Choice Questions

P bought an article for Rs 1600 and sold it at a profit of 10 What would have been the increas...........

Quantitative Aptitude (RRB NTPC) Profit and loss
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     P bought an article for Rs. 1600 and sold it at a profit of 10%. What would have been the increase in the profit percent if it was sold for Rs. 1840?

    5%

    Correct Answer

    10%

    Incorrect Answer

    12%

    Incorrect Answer

    15%

    Incorrect Answer
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    Explanation:
    When SP = 1840
    ∴p%=240*100/1600=15%
    ∴ Increase in profit % = 15% - 10%
    = 5%

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