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A wall fan is sold at a profit of 25%. If the selling price is double, then what was the profit?1. 200%2. 50%3. 100%4. 150% |
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Answer» Correct Answer - Option 4 : 150% Given: Wall fan is sold at a profit of 25% and the selling price is double. Formula Used: Profit percentage = {(SP – CP)/CP} × 100 Calculation: CP of wall fan = Rs. New SP = Rs. 250 Profit = Rs. (250 – 100) = Rs. 150 Profit percentage = 150/100 × 100 = 150% ∴ Profit% is 150% |
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