ABC26GN2634 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:

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

Answer (as printed): B

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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