Difficulty: Easy
Correct Answer: 5%
Explanation:
Introduction / Context:
Knowing one profit scenario allows computation of CP. Then evaluate the profit percentage at a different selling price based on the same CP.
Given Data / Assumptions:
Concept / Approach:
CP = SP1 / 1.20. Profit% at SP2 = (SP2 − CP)/CP * 100.
Step-by-Step Solution:
CP = 3,600 / 1.20 = ₹ 3,000Profit at SP2 = 3,150 − 3,000 = ₹ 150Profit% = 150 / 3,000 * 100 = 5%
Verification / Alternative check:
At SP1, the margin is ₹ 600 (20% of 3,000). At SP2 the margin is ₹ 150, which is 5% of 3,000—consistent.
Why Other Options Are Wrong:
Common Pitfalls:
Final Answer:
5%
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