Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A man earns a profit of 45% by selling a bike for a certain price. If he sells that bike at double the price, then what will be the profit percentage?

Options:

80%

180%

90%

190%

Correct Answer:

190%

Explanation:

Let the CP be 100,

then profit = 45, and SP = 100 + 45 = 145

If the SP is doubled, new SP = 290

Profit = 290 - 100 = 190

Profit percent = $\frac{190}{100}$ = 190%