A manufacturer makes 600 articles at a cost of Rs. 5 per article. He fixes the selling price such that if only 500 articles are sold, he would make a profit of 30% on his outlay. However 60 articles get spoilt and he was able to sell 540 articles at this price. Find his actual profit percent.
1
30.4%
2
40.3%
3
35%
4
55.2%
5
40.4%