Question

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

Answer 1

Answer

100 is the answer

Step-by-step explanation:

HOPE IT IS HELPFUL

Answer 2

Given: The selling price is doubled, the profit triples.

To find: The profit percent.

Solution:

The selling price of an object is represented by S.P., the cost price is represented by C.P. and the profit is represented by P. The profit gained is calculated using the following formula.

$S.P. - C.P. = P$

According to the question, an equation is formed as follows.

$2 S.P. - C.P. = 3 P$

The two equations can be solved simultaneously.

$S.P. = 2P$

$S.P. - C.P. = P$

$2P - C.P. = P$

$C.P. = P$

Hence, the cost price would be equal to the profit if the selling price is doubled and the profit triples. Now, the profit percent is calculated as,

$(P)_{percent} = \frac{P}{C.P.} * 100$

               $= \frac{P}{P} * 100$

               $= 100$

Therefore, the profit percent is 100%.