If selling price is doubled, the profit triples. Find the profit percent.
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if selling price is doubled, the profit triples then profit% is 100%
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Let the C.P be Rs.100
And S.P be Rs.x
Then:
- The profit is (x-100)
Now he S.P is doubled,
- Then the new S.P is 2x
New profit is (2x-100)
Now as per the given condition;
➠ 3(x-100) = 2x - 100
By solving, we get
- x = 200
Then:
The Profit percent = (200-100)/100
⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀= 100
Hence:
- The profit percentage is 100%.
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