- Have any questions?
- [email protected]
- Home
- A man gains 20% by selling an article for a certain price.
Question 1:
A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be. A. 130%
B. 140%
Feedback Let the C.P. = x,
Then S.P. = (120/100)x = 6x/5
New S.P. = 2(6x/5) = 12x/5
Profit = 12x/5 - x = 7x/5
Profit% = (Profit/C.P.) * 100
(7x/5) * (1/x) * 100 = 140 %
Then S.P. = (120/100)x = 6x/5
New S.P. = 2(6x/5) = 12x/5
Profit = 12x/5 - x = 7x/5
Profit% = (Profit/C.P.) * 100
(7x/5) * (1/x) * 100 = 140 %
C. 150%
D. 160%
These questions are from this test. Would you like to take a practice test?