A man earns a profit of 10 percent by selling a mobile for a certain price. If he sells that mobile at double the price, then what will be the profit percentage?
Let us assume the cost price of the mobile and selling price of the mobile is CP and SP respectively SP = (110/100) × CP ----(1) 2SP = (220/100) × CP ----(2) P% = [(2.2CP - CP)/C.P] × 100 = 1.2 × 100 = 120%
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