If Selling Price Is Doubled, The Profit Triples. Find The Profit Perc

1.	If Selling Price Is Doubled, The Profit Triples. Find The Profit Percent?
Answer» LET the C.P. be x and the S.P. be y So the profit is (y - x) ---------------------------- (1) Now, the S.P. is doubled. So the new S.P. = 2y The new profit = (2y - x) Given that when S.P. is doubled, profit increases 3 times => New profit = 3 * old profit => (2y - x) = 3(y - x) => y = 2x So, the profit = (y - x) = (2x - x) = x % profit = (x / x) * 100 % = 100%. Let the C.P. be x and the S.P. be y So the profit is (y - x) ---------------------------- (1) Now, the S.P. is doubled. So the new S.P. = 2y The new profit = (2y - x) Given that when S.P. is doubled, profit increases 3 times => New profit = 3 * old profit => (2y - x) = 3(y - x) => y = 2x So, the profit = (y - x) = (2x - x) = x % profit = (x / x) * 100 % = 100%.

If Selling Price Is Doubled, The Profit Triples. Find The Profit Percent?

Answer»

LET the C.P. be x and the S.P. be y

So the profit is (y - x) ---------------------------- (1)

Now, the S.P. is doubled. So the new S.P. = 2y

The new profit = (2y - x)

Given that when S.P. is doubled, profit increases 3 times

=> New profit = 3 * old profit

=> (2y - x) = 3(y - x)

=> y = 2x

So, the profit = (y - x) = (2x - x) = x

% profit = (x / x) * 100 % = 100%.

Let the C.P. be x and the S.P. be y