Profit & Loss Mcqs

Q.  If selling price is doubled, the profit triples. Find the profit percent:

a. 66 2/3
b. 100
c. 105 1/3
d. 120


ANSWER: See Answer
 
Let C.P. be Rs. x and S.P. be Rx. y.

Then, 3(y – x) = (2y – x) => y = 2x
Profit = (y – x) = Rs. (2x – x) = Rs. x
Profit % = x/x * 100 = 100%.
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