Multiple Choice Questions on Ram sells onions in the streets of Chandni Chowk Due to recent shortfall in the supply of onions he ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Ram sells onions in the streets of Chandni Chowk Due to recent shortfall in the supply of onions he ...........

Quant (SSC) Profit and loss
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    Ram sells onions in the streets of Chandni Chowk. Due to recent shortfall in the supply of onions, he doubles his selling price despite the cost price remains same for him due to a fixed price contract. He realizes that his profit have tripled. Find the original profit percent.

    200/3%

    Incorrect Answer

    100%

    Correct Answer

    120%

    Incorrect Answer

    105∗1/3%

    Incorrect Answer
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    Explanation:

    Let the C.P. be x and S.P. be y.
    ∴ Given,
    3(y-x) = 2y – x
    => 3y – 3x = 2y – x
    => y = 2x
    Original profit = Rs y – x
    = Rs 2x – x (Since, y = 2x)
    = Rs x
    ∴ Original profit % = x/x ∗ 100
    = 100 %

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