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7.Profit and Loss
medium
If selling price is doubled, the profit triples. Find the profit percent
A
$66.67$
B
$100$
C
$105.33$
D
$120$
Solution
Let profit be $P$
$Now , SP – CP = P$ $….(i)$
In given question, when $SP$ is doubled, $P$ get tripled
$2 S P-C P=3 P$ $…(ii)$
On solving $(i)$ and $(ii)$
We get $CP = P$ and $SP =2 P$
Profit\% $=\frac{2 P-P}{P} \times 100=100 \%$
Standard 13
Quantitative Aptitude
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