When a man sells an article at 6% profit he makes a profit of Rs. X. If he…

2024

When a man sells an article at 6% profit he makes a profit of Rs. X. If he wants to make a profit 75% more than the original profit, what should be his profit percent?

  1. A.

    7%

  2. B.

    8.5%

  3. C.

    10.5%

  4. D.

    9%

Attempted by 1 students.

Show answer & explanation

Correct answer: C

Step-by-Step Solution

To calculate the new profit percentage after increasing the original profit by 75%, follow these steps:

  1. Define the variables:

    • Let the cost price be C.

    • Original profit = 6% of C = 0.06C.

  2. Calculate the new profit:

    • The man wants a profit that is 75% more than the original profit.

    • New profit = Original profit + (75% of Original profit)

    • New profit = 0.06C + (0.75 * 0.06C)

    • New profit = 0.06C + 0.045C

    • New profit = 0.105C.

  3. Determine the new profit percentage:

    • Profit percentage = (New profit / Cost price) * 100

    • Profit percentage = (0.105C / C) * 100

    • Profit percentage = 10.5%.

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