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Profit in a transaction is 80%. If the cost increases by 20%, then what is the change in profit percentage, if the selling price is the same?
- a)Profit decreases by 30%
- b)Profit is 60% of the cost price
- c)Profit decreases by 18%
- d)Profit remains the same
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Profit in a transaction is 80%. If the cost increases by 20%, then wha...
Let CP of the article be Rs. 100
⇒ SP of the article = 100 × 180/100 = Rs. 180
New cost price = 100 × 120/100 = Rs. 120
⇒ New profit = 180 – 120 = 60
Profit percentage = 60/120 × 100 = 50%
∴ Change in profit percent = 80 – 50 = 30% decreaseMost Upvoted Answer
Profit in a transaction is 80%. If the cost increases by 20%, then wha...
Understanding the Initial Profit Situation
- Let the initial cost price (CP) be 100.
- Given a profit of 80%, the selling price (SP) can be calculated as:
- SP = CP + Profit = 100 + (80% of 100) = 100 + 80 = 180.
Analyzing the Cost Increase
- The cost increases by 20%, so the new cost price (CP') is:
- CP' = 100 + (20% of 100) = 100 + 20 = 120.
Calculating the New Profit
- The selling price remains the same at 180.
- New profit (Profit') can be calculated as:
- Profit' = SP - CP' = 180 - 120 = 60.
Calculating the New Profit Percentage
- The new profit percentage (Profit%') is now:
- Profit%' = (Profit' / CP') * 100 = (60 / 120) * 100 = 50%.
Determining the Change in Profit Percentage
- The initial profit percentage was 80%.
- The new profit percentage is 50%.
- The change in profit percentage is:
- Change = Initial Profit% - New Profit% = 80% - 50% = 30%.
Conclusion
- Therefore, the profit decreases by 30%, confirming that option 'A' is correct.
- Let the initial cost price (CP) be 100.
- Given a profit of 80%, the selling price (SP) can be calculated as:
- SP = CP + Profit = 100 + (80% of 100) = 100 + 80 = 180.
Analyzing the Cost Increase
- The cost increases by 20%, so the new cost price (CP') is:
- CP' = 100 + (20% of 100) = 100 + 20 = 120.
Calculating the New Profit
- The selling price remains the same at 180.
- New profit (Profit') can be calculated as:
- Profit' = SP - CP' = 180 - 120 = 60.
Calculating the New Profit Percentage
- The new profit percentage (Profit%') is now:
- Profit%' = (Profit' / CP') * 100 = (60 / 120) * 100 = 50%.
Determining the Change in Profit Percentage
- The initial profit percentage was 80%.
- The new profit percentage is 50%.
- The change in profit percentage is:
- Change = Initial Profit% - New Profit% = 80% - 50% = 30%.
Conclusion
- Therefore, the profit decreases by 30%, confirming that option 'A' is correct.
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Profit in a transaction is 80%. If the cost increases by 20%, then what is the change in profit percentage, if the selling price is the same?a)Profit decreases by 30%b)Profit is 60% of the cost pricec)Profit decreases by 18%d)Profit remains the sameCorrect answer is option 'A'. Can you explain this answer?
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Profit in a transaction is 80%. If the cost increases by 20%, then what is the change in profit percentage, if the selling price is the same?a)Profit decreases by 30%b)Profit is 60% of the cost pricec)Profit decreases by 18%d)Profit remains the sameCorrect answer is option 'A'. Can you explain this answer? for Software Development 2025 is part of Software Development preparation. The Question and answers have been prepared according to the Software Development exam syllabus. Information about Profit in a transaction is 80%. If the cost increases by 20%, then what is the change in profit percentage, if the selling price is the same?a)Profit decreases by 30%b)Profit is 60% of the cost pricec)Profit decreases by 18%d)Profit remains the sameCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Software Development 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Profit in a transaction is 80%. If the cost increases by 20%, then what is the change in profit percentage, if the selling price is the same?a)Profit decreases by 30%b)Profit is 60% of the cost pricec)Profit decreases by 18%d)Profit remains the sameCorrect answer is option 'A'. Can you explain this answer?.
Profit in a transaction is 80%. If the cost increases by 20%, then what is the change in profit percentage, if the selling price is the same?a)Profit decreases by 30%b)Profit is 60% of the cost pricec)Profit decreases by 18%d)Profit remains the sameCorrect answer is option 'A'. Can you explain this answer? for Software Development 2025 is part of Software Development preparation. The Question and answers have been prepared according to the Software Development exam syllabus. Information about Profit in a transaction is 80%. If the cost increases by 20%, then what is the change in profit percentage, if the selling price is the same?a)Profit decreases by 30%b)Profit is 60% of the cost pricec)Profit decreases by 18%d)Profit remains the sameCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Software Development 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Profit in a transaction is 80%. If the cost increases by 20%, then what is the change in profit percentage, if the selling price is the same?a)Profit decreases by 30%b)Profit is 60% of the cost pricec)Profit decreases by 18%d)Profit remains the sameCorrect answer is option 'A'. Can you explain this answer?.
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Profit in a transaction is 80%. If the cost increases by 20%, then what is the change in profit percentage, if the selling price is the same?a)Profit decreases by 30%b)Profit is 60% of the cost pricec)Profit decreases by 18%d)Profit remains the sameCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Profit in a transaction is 80%. If the cost increases by 20%, then what is the change in profit percentage, if the selling price is the same?a)Profit decreases by 30%b)Profit is 60% of the cost pricec)Profit decreases by 18%d)Profit remains the sameCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Profit in a transaction is 80%. If the cost increases by 20%, then what is the change in profit percentage, if the selling price is the same?a)Profit decreases by 30%b)Profit is 60% of the cost pricec)Profit decreases by 18%d)Profit remains the sameCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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