The profit earned on an item is 150% of the cost price. If the cost price increases by 50% but the selling price remains same, then what is the new profit percentage? 

1
72\(\frac{2}{3}\)%
2
66\(\frac{2}{3}\)%
3
64\(\frac{1}{3}\)%
4
54\(\frac{1}{3}\)%

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