A person sells an article at the loss of 25 percent. Cost price and selling price are increased by 40 percent and 'y' percent respectively. If the new loss percentage is 15 percent, then what is the value of 'y'?
Show answer & explanation
Correct answer: B
Explanation
Let Cost Price = ₹100
Old Selling Price = ₹75
New Cost Price = ₹140
New Selling Price at 15% loss = 85% of 140 = ₹119
Increase in selling price = 119 - 75 = 44
y = (44 ÷ 75) × 100
= 58.67%