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Profit, Loss & Discount · Question 24 of 72

Question 24

MediumOriginal question

A bakery sells a cake at a profit of 50%. The cost of making the cake rises by 20%, but the selling price stays the same. What is the new profit percentage?

Options for question 24

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. Take old CP = ₹100, so SP = ₹150.

  2. New CP = ₹120, and SP is still ₹150.

  3. New profit % = 30120×100=25%\frac{30}{120} \times 100 = 25\%.

Worth noting

Subtracting 20 from 50 gives 30%, but the new profit must be divided by the NEW, higher cost.

Concept
Effect of a rise in CP on profit %
Typical time
65 s
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The rule this testsProfit and loss
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