Prashanth sold a album for $ 735 and made a profit of 22.5% . The cost price of the album went up by $120 and so Prashanth increased the selling price by $120. What is his profit % now ?

19.32 %
18.75 %
21.41 %
22 %

Correct Answer: 18.75 %

Explanation:

Prashanth sold a album for $ 735 and made a profit of 22.5% .
CP = 735 x 100/122.5 = Rs. 600
New CP = 600 + 120 = Rs. 720
New SP = 735 + 120 = Rs. 855.

Profit = Rs. 135.

profit % = 100 x 135/720 = 18.75%.

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