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