Anil bought an article at Rs. 200 and sold it at a profit of 10%. What would have been the increase in the profit percent if it was sold for Rs. 230 ?

  • Option 1)

    5%

  • Option 2)

    10%

  • Option 3)

    16%

  • Option 4)

    None of these

  • Option 5)

    15%

Answers (1)

CP = 200       SP=200\times 1.1=220

More Profit% =  \left ( \frac{30}{200} \right )\times 100=15\; ^{0}\! /_{0}

% was the price mark up = 15% - 10% = 5%

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