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The cost of production of a motorbike which is sold at 20% profit went up by 40%. What should be the percentage increase in the selling price to maintain the profit percentage the same even at the new cost of production?

A.	40%	B.	20%
C.	68%	D.	60%
E.	50%

Answer and Explanation

Answer:40%

Explanation:
Let the initial cost be rs 100
It went up by 40% i.e new cost price = rs 140
Initial selling price = rs 120
Present selling price = 140 (1.2) = rs 168
Percentage increase in selling price = (168-120) / 120 * 100
= 40%

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