Question
If the selling price is doubled, the profit triples.
Find the profit percentage.Solution
ATQ, Let CP = x and SP = y. Original Profit = y - x. New SP = 2y. New Profit = 2y - x. Given: New Profit = 3 × Original Profit 2y - x = 3(y - x) 2y - x = 3y - 3x 2x = y Since SP (y) is twice CP (x), Profit is 100%.
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