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Arithmetic
Profit, Loss and Discount
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NTPC Graduate Tier 1 2016 Shift 2 📅 02 Apr, 2016

P bought an article for Rs. 1600 and sold it at a profit of 10%. What would have been the increase in the profit percent if it was sold for Rs. 1840?

A
5%
B
10%
C
12%
D
15%
Result Summary
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NTPC Graduate Tier 1
2016 • 02 Apr, 2016 • Shift 2
P bought an article for Rs. 1600 and sold it at a profit of 10%. What would have been the increase in the profit percent if it was sold for Rs. 1840?
Correct Answer
5%
Cost and Profit Analysis: The initial purchase price is established at Rs. 1600. A 10% profit on this base amount equals Rs. 160, bringing the initial selling p......
Ref/Book : NTPC Graduate Tier 1 2016
Ref. Subject Arithmetic
Chapter -
Ref. Topic Profit, Loss and Discount
Pg. No -
💡 Analysis & Explanation
Cost and Profit Analysis ▼
The initial purchase price is established at Rs. 1600. A 10% profit on this base amount equals Rs. 160, bringing the initial selling price to Rs. 1760.
New Scenario Calculation ▼
If the selling price is elevated to Rs. 1840, the new absolute profit becomes 1840 - 1600 = Rs. 240.
Percentage Evaluation ▼
A profit of Rs. 240 on the base cost of Rs. 1600 translates to exactly 15%.
Conclusion ▼
The increase from the initial 10% profit to the new 15% profit is precisely 5%.
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