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If selling price is tripled, the profit becomes four times. Find the profit percentage.1. 180%2. 200%3. 220%4. 190%5. 210% |
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Answer» Correct Answer - Option 2 : 200% Given: Selling price is triple, the profit four time Formula used: Percentage profit = [(selling price – cost price)/cost price] × 100 Calculation: Let the C.P be Rs.100 and S.P be Rs.x, Then The profit is (x-100) Now the S.P is triple, then the new S.P is 3x New profit is (3x-100) Now as per the given condition; => 4(x - 100) = 3x - 100 By solving, we get x = 300 Then the Profit percent = [(300-100)/100] × 100 = 200 ∴ The profit percentage is 200%. |
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