Practicing Success
A man earns a profit of 20 percent by selling a calculator for a certain price. If he sells that calculator at double the price, then what will be the profit percentage ? |
140 percent 160 percent 60 percent 120 percent |
140 percent |
Let the CP of the calculator = 100 Then, the selling price of the calculator = 120 According to the given condition, if he sells the calculator at 120 × 2 = 240 then the profit will be = 240 - 100 = 140 Profit % = \(\frac{140 × 100}{100}\) = 140%
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