The initial profit percentage on the sale of an item was 55%

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The initial profit percentage on the sale of an item was 55%. If the cost price of the item went up by 24% but the selling price remained the same, what would be the new profit percentage?

[SSC CGL 7th Dec 2022 Shift-1 With Answers]

A

36%

B

25%

C

28%

D

33%

EXPLANATION

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