Profit and Loss Practice Test 9

Question : 2 of 40

Marks: +1, -0

If selling price is doubled, the profit triples. What is the profit per cent?

Solution:

Let S.P. and C.P. are Rs. x and Rs. y; then,
3 (x – y) = 2x – y
∴ x = 2y;
Gain = x – y = 2y – y = Rs. y
Gain%

= y/y×100 = 100%

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