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%.
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