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If the Selling Price is Doubled and the Profit Triples, Find the Profit Percent. - Mathematics

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)
  Is there an error in this question or solution?
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