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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?

Answer»

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 %.

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 %.


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