Profit and loss

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Anil makes a profit of 18% on cost price by selling a washing machine for Rs. 5900. If the cost price of the machine is increased by 5% and he wants to earn the same profit, What will be the new profit percent on selling price?

14.63%

12.25%

15.96%

17.14%

Explanation:

Cost price of the washing machine
= 5900/118 × 100 = 5000 Rs
Profit = 5900 – 5000 = 900 Rs.
New cost price = 5000 × 105% = 5250 Rs.
New selling price = 5250 + 900 = 6150 Rs.
Profit % = 900/6150 × 100 = 14.63%

By: Amit Kumar

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