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Study Stuff for MCA Examinations - NIMCET
Study Stuff for MCA Examinations - NIMCET
Previous Year Question (PYQs)
Study the pie charts given below and answer the following questions:
If all the costs increase by 10% and the selling price remains the same, by what percent will the profit be reduced?
Solution
New cost = 90,000 × 1.10 = 99,000
New profit = 1,00,000 – 99,000 = 1,000
Reduction = 10,000 – 1,000 = 9,000
Percent reduction = 9,000 / 10,000 × 100 = 90%
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