If the selling price is doubled, the profit becomes three times the original. Find the new profit percentage.
Given:
Selling price is doubled → Profit becomes 3 times the original profit
Formula Used:
Profit % =
Solution:
Let the cost price (CP) be ₹100
Let original selling price (SP) be ₹x → then, original profit = x – 100
New selling price = ₹2x → new profit = 2x - 100 = 3(x - 100)
2x - 100 = 3x - 300
x = 200
So, original SP = ₹200
New SP = ₹400
CP = ₹100
New profit = 400 - 100 = 300
New profit %=
Alternate Method:
3(y - x) = 2y -x
y = 2x
New Profit %=
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