1.

A man gains 20% by selling an article for a certain price. If the sells it at double the price, the percentage of profit will be:

Answer»

140%



Let C.P. = Rs. X

Then, S.P. = Rs. (12% of x) = Rs. 6x/5

New S.P. = 2 * 6x/5 = Rs. 12x/5

Profit = 12x/5 - x = Rs. 7x/5

Profit = 7x/5 * 1/x * 100 = 140%.



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