On a certain item profit is 120%. If the cost price increases by 10% then what will be the new profit margin (in %) if selling price remains the same?

On a certain item profit is 120%. If the cost price increases by 10% t

1.	On a certain item profit is 120%. If the cost price increases by 10% then what will be the new profit margin (in %) if selling price remains the same?
A.	50
B.	60
C.	100
D.	90
Answer» D. 90

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