The cost price of milk is increased to ₹62 from ₹60. The milkman sold milk at 10% profit earlier. What is his profit% now if he sells milk at the same rate?
6.45%
The correct answer is 6.45%.
Changes in cost price directly impact the profit margin if the selling price remains constant. If the cost price increases while the selling price is fixed, the profit margin decreases, resulting in a lower profit percentage. Conversely, if the cost price decreases with a fixed selling price, the profit margin increases, leading to a higher profit percentage. This problem highlights how an increase in input cost affects profitability, a common scenario in business.
Similar Questions
By selling 20 items, a shopkeeper gets a profit equal to the selling price of 5 items. What is his profit percentage?
A shopkeeper is buying goods from a wholesaler. The wholesaler sells 1265 units of the goods to the shopkeeper, earning a profit equal to the selling price of 165 units of the goods. Find the profit percentage of the wholesaler.
After giving two successive discounts of 30% and 40% on the marked price, an article is sold for Rs. 420. Find the marked price of the article.
A man sells a bicycle for ₹990 at a loss of 10%. At what price (in ₹) should he sell the bicycle to earn a profit of 24%?
A shopkeeper sold an article at 25% profit. On selling it for ₹225 more he would get a profit of 40%. The cost price of the article was:
Ram sold two bags at ₹1,260 each. On one, he gained 20% and on the other, he lost 20%. Find his gain or loss percentage in the whole transaction.
During the previous year, the price of an electronic item increased by 10%, and this year, the price of the same item decreased by 10%. If the price of the electronic item at present is ₹66,000, then what was the price of the discussed electronic item in the beginning of the previous year? (Rounded off to one decimal place)
A piece of land was sold to a person through two middlemen, each gaining 25%. If the person purchased the land for ₹6,25,000, the original cost (in ₹) of the land was:
The selling price of an article is 5/6 times the cost price. What is the loss percentage (correct up to two decimal places)?
By selling two articles, each for Rs. 270, a shopkeeper gains the cost price of one article. The cost price of one article and the profit percentage, respectively, are:
Important Questions from Successive Selling
The increase in the price of a certain item was 25%. Then the price was decreased by 20% and then again increased by 10%. What is the resultant increase in the price?
- The selling price of 24 articles is equal to the cost price of 26 articles. If, due to a change in market conditions, the selling price of each article decreases by $10\%$ and the cost price of each article increases by $5\%$, what will be the new gain or loss percentage (correct to two decimal places)?
Anil bought some articles at 6 for Rs. 8 and sold them at 10 for Rs. 12. His percentage loss or gain is:
The price of an article becomes Rs. 63 after a decrease of 30 percent. Find the original price. (in Rs.)
A man buys an article for 10 percent less than its value and sells it for 10 percent more than its value. His profit or loss percent is:
