Doubling the selling price triples the profit. Calculate the profit percentage.
A. 66 2/3
B. 100
C. 105 1/3
D. 120
Answer:B
Doubling the selling price triples the profit. Calculate the profit percentage.
A. 66 2/3 B. 100 C. 105 1/3 D. 120
Explanation: Let C.P. and S.P. be Rs. x and Rs. y, respectively.As a result, 3(y - x) = (2y - x) y = 2x.Profit = (y - x) = 100 percent profit Equals x/x X 100 percent profit.