The cost of raw materials of a product increases by 30%, the manufacturing cost

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The cost of raw materials of a product increases by 30%, the manufacturing cost increases by 20% and the selling price of the product increases by 60%. The raw material and the manufacturing cost originally formed 40% and 60% of the total cost respectively. If the original profit percentage was one - fourth the original manufacturing cost, find the approximate new profit percentage.

Options:

A . 48.39%

B . 54.76%

C . 63.85%

D . 66.75%

Answer: Option A

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