SSC CGL Model Paper 1

Question : 61 of 100

Marks: +1, -0

When a toy manufacturer reduced its selling price by 50%, the number of toys sold radically increased by 600%. Initially the manufacturer was getting only 140% profit. What is the percentage increase in his profit?

0%
$23 4/5%$
25%
Can't be determined

Validate

Solution:

Let CP of each toy = 100x
Let no. of toys be = 100y.

\table ,\CP, \SP, \No. ,\Total \Profit;\Old ,100x,240x,100y, 140x × 100y = 14000xy;\New, 100x, 120x, 700y, 20x × 700y = 14000xy

Total profit = (SP-CP) × No. of toys
There is no change in profit.
So, increase in profit is 0%

Go to Question:

Prev Question

Next Question