1.

If the selling price is tripled, the profit goes up to 5 times, Find the profit.1. 80%2. 100%3. 125%4. 150%

Answer» Correct Answer - Option 2 : 100%

Given:

Selling price gets “tripled”

Profit becomes 5 times

Formula Used:

Profit % = 100 × (Profit/Cost price)

Calculation:

Let the initial Selling price is SP

Now Selling Price is tripled = 3SP

Profit becomes 5 times of it

⇒ (3SP – CP) = 5 × (SP – CP)

⇒ 2SP = 4CP

⇒ SP/CP = 2/1

Profit % = 100 × (2 - 1)/1 = 100%

∴ The profit is 100%.



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