Arithmetichard · Past Paper
If selling price is doubled, the profit triples. Find the profit percentage.
A66.66%
B100%
C150%
D120%
✓ Correct Answer: B — 100%
Let CP=x, SP=y. Profit P = y-x. New SP=2y, New Profit = 3P. 2y-x = 3(y-x) => y=2x. Profit % = ((2x-x)/x)*100 = 100%.
Share this question
More from Arithmetic
- Fraction 1/2 is equal to which percentage?
- If I = Rs 60, T = 2 years, R = 5%, find P.
- Find the least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled.
- Ratio of 1 dozen to 1 score is:
- A sum of money invested at CI triples itself in 4 years. In how many years will it become 27 times?