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If selling price is doubled, the profit triples. Find the profit percent.
Answer & Solution
Correct Answer:
Option
B
$$\eqalign{
& {\text{Let}}\,{\text{C}}{\text{.P}}{\text{.}}\,{\text{be}}\,{\text{Rs}}{\text{.}}\,x\,{\text{and}}\,{\text{S}}{\text{.P}}{\text{.}}\,{\text{be}}\,{\text{Rs}}.\,y \cr
& {\text{Then}},\,3\left( {y - x} \right) = \left( {2y - x} \right) \cr
& \Rightarrow y = 2x \cr
& {\text{Profit}} = Rs.\,\left( {y - x} \right) \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,\left( {2x - x} \right) \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,x \cr
& \therefore {\text{Profit}}\,\% \cr
& = \left( {\frac{x}{x} \times 100} \right)\% \cr
& = 100\% \cr} $$
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