Profit and loss

Quantitative Aptitude ( CCS)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

If selling price is doubled, the profit triples. Find the profit percent.

100%

50%

200%

75%

Let C.P. be Rs. x and S.P. be Rs. y.

Initially Profit = S.P - C.P = y - x

Then, 3(y - x) = (2y - x) => y = 2x.

Profit = Rs. (y - x) = Rs. (2x - x) = Rs. x.

Profit% = x/x * 100% = 100%