If selling price is doubled, the profit triples. Find the profit percent. · ABC26GN2634
Subject: General Aptitude · Chapter: Profit and Loss
If selling price is doubled, the profit triples. Find the profit percent.
(a)$66 \frac{2}{3}$
(b)100
(c)$105 \frac{1}{3}$
(d)120
Answer
Explanation
Let C.P. be ₹ $x$ and S.P. be ₹ $y$. Then, $3(y-x)=(2 y-x) \Rightarrow y=2 x$. Profit $=₹(y-x)=₹(2 x-x)=₹ x$. $$\text { ∴ Profit } \%=\left(\frac{x}{x} \times 100\right) \%=100 \% \text {. }$$
Explanation as extracted from the printed page; notation may be imperfect.
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