When the SP of an article doubles, its profit triples. Calculate the profit%.
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Let Selling price be x,
Cost price be y.
We know that Profit = x - y.
given profit = 3(x - y)
But S.P is 2x
So profit is also equal to 2x - y
3( x - y) = (2x-y)
3x -3y = 2x - y
x = 2y
So profit %
= SP-CP /CP * 100
= x-y / y *100 [ x =2y]
= 2y - y / y *100
= 100
Profit% =100%
Cost price be y.
We know that Profit = x - y.
given profit = 3(x - y)
But S.P is 2x
So profit is also equal to 2x - y
3( x - y) = (2x-y)
3x -3y = 2x - y
x = 2y
So profit %
= SP-CP /CP * 100
= x-y / y *100 [ x =2y]
= 2y - y / y *100
= 100
Profit% =100%
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