Explanation:

Let’s break it down step by step:

- Original profit is 230% of cost price, so if cost price = Rs. 100, profit = Rs. 230, selling price = Rs. 330.

- Now, cost price jumps by 50%: new cost price = 150.

- Selling price stays at 330.

- New profit = 330 - 150 = 180.

- Now, profit percent = (Profit/Cost Price) × 100 = (180/150) × 100 = 120%.

Options explained:

- 54: Too low, ignores the math.

- 80: Not matching calculation.

- 120: ??

- 150: Would mean zero cost, doesn’t fit.

Correct answer:

Option 3: 120