On an article profit is 210 % of cost price. If cost price increase by 40 % but selling price remain

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7.Profit and Loss

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On an article the profit is $210 \%$ of the cost price. If the cost price increase by $40 \%$ but the selling price remains constant, approximately what percent of selling price will be the profit?

A

$55$

B

$62$

C

$74$

D

$85$

Solution

Let $C.P$ Initially be $Rs.100$

$S.P$ $=100+210 \%$ $(100)$

$=₹ 310$

Now $C . P =₹ 140$

Now profit $=310-140$

$=₹ 170$

Required$\%$ $=\frac{170}{310} \times 100=54.83 \% \simeq 55 \%$

Standard 13

Quantitative Aptitude

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