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MCQ
If the selling price is doubled and the profit triples, find the profit percent.
Options
`66 2/3`%
100%
`105 1/3`%
120%
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Solution
100%
Explanation :
Let CP be ₹ x and SP be ₹ y.
Then, 3(y - x) = (2y - x)
⇒ y = 2x
Profit = ₹(y - x) = ₹(2x - x) = ₹ x
∴ Profit% = `(x/x×100)%` = 100%
Concept: Profit and Loss (Entrance Exam)
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