Multiple Choice Questions on A person sold a pen at Rs 96 in such a way that his percentage profit is same as the cost price of t........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A person sold a pen at Rs 96 in such a way that his percentage profit is same as the cost price of t...........

Quant (SSC) Profit and loss
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    A person sold a pen at Rs. 96 in such a way that his percentage profit is same as the cost price of the watch. If he sells it at twice the percentage profit of its previous percentage profit then new selling price will be?

    Rs.132

    Correct Answer

    Rs.150

    Incorrect Answer

    Rs.192

    Incorrect Answer

    Rs.180

    Incorrect Answer
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    Explanation:

    CP = x
    Profit Percentage = x%
    SP = x(100 + x)/100
    x(100 + x)/100 = 96
    x = 60
    Profit Percentage = 60%
    New SP = 60 * 220 / 100 = Rs. 132

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