Profit and loss

Quantitative Aptitude (CGL)

Title

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Indian Economy - Understanding the basics of Indian economic system

If the selling price of an article is doubled, then the profit becomes four times. What was the original profit percentage?

This questions was previously asked in

ssc cgl 2023 pre

75%

100%

50%

25%

- Let's say the cost price of the article is \( C \) and the original selling price is \( S_1 \).

- The original profit is \( P_1 = S_1 - C \).

- If the selling price is doubled, it becomes \( 2S_1 \), and the new profit \( P_2 = 2S_1 - C \).

- We're given that \( P_2 = 4P_1 \).

- Plugging in the numbers: \( 2S_1 - C = 4(S_1 - C) \).

- This simplifies to: \( 2S_1 - C = 4S_1 - 4C \).

- Rearrange to find: \( 3C = 2S_1 \).

- Means \( S_1 = \frac{3}{2}C \), indicating a 50% profit originally.

- Option 3, 50% , is therefore the correct answer.