Question

If S. P is doubled then profit triples. Find the profit percent?

Select one:

a. 100

b. 105 1/3

c. 120

d. 66 2/3​

Answer 1

Answer:

Explanation:

If selling price is doubled, the profit triples.

In this case, amount of increase in the selling price is equal to amount of increase in the profit. Therefore,

selling price =  

2

× profit

⇒

selling price - profit = profit

⇒

cost price = profit

⇒

profit percent  

=

100

%