Difficulty: Easy
Correct Answer: 6.25 %
Explanation:
Introduction / Context:
When you know one selling price and its profit%, you can recover the cost price and then evaluate the profit% at a second selling price on the same cost base.
Given Data / Assumptions:
Concept / Approach:
CP = SP1 / 1.25. Profit% at SP2 = (SP2 − CP)/CP * 100.
Step-by-Step Solution:
CP = 2,400 / 1.25 = ₹ 1,920Profit at SP2 = 2,040 − 1,920 = ₹ 120Profit% = 120 / 1,920 * 100 = 6.25%
Verification / Alternative check:
Average SP per unit style checks are unnecessary here since cost is already known precisely from the first scenario.
Why Other Options Are Wrong:
Common Pitfalls:
Final Answer:
6.25 %
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