1.

If selling price is tripled, the profit becomes four times. Find the profit percentage.1. 180%2. 200%3. 220%4. 190%5. 210%

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%.



Discussion

No Comment Found

Related InterviewSolutions