Question

If selling price is doubled, the profit triples. Find the profit percent.

Answer 1

Step-by-step explanation:

Let the selling price be SP

Cost price be CP and profit be P

As P=SP-CP

For given condition, 3P= 2SP-CP

3 (SP-CP)=2SP-CP

SP=2CP

Profit% = (SP-CP)×100/CP

=100%

Hope it helps you

Answer 2

Let the selling price be SP

Cost price be CP and profit be P

As P=SP-CP

For given condition, 3P= 2SP-CP

3 (SP-CP)=2SP-CP

SP=2CP

Profit% = (SP-CP)×100/CP

=100%