Multiple Choice Questions on If selling price is doubled the profit triples Find the profit percent ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

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

Quantitative Aptitude ( CCS) Profit and loss
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     If selling price is doubled, the profit triples. Find the profit percent.

    100%

    Correct Answer

    50%

    Incorrect Answer

    200%

    Incorrect Answer

    75%

    Incorrect Answer
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    Explanation:

    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%

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