If selling price is doubled, the profit triples. Find the profit percent. Options: A . &nbsp \(66\frac{2}{3}\) % B . &nbsp100 C . &nbsp \(105\frac{1}{3}\) % D . &nbsp120

If selling price is doubled, the profit triples. Find the profit percent.

Question

If selling price is doubled, the profit triples. Find the profit percent.

Options:

A . \(66\frac{2}{3}\) %

B . 100

C . \(105\frac{1}{3}\) %

D . 120

Answer: Option B

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

Then, 3(y - x) = (2y - x) y = 2x.

Profit = Rs. (y - x) = Rs. (2x - x) = Rs. x.

So, Profit % = \(\left(\frac{x}{x}\times100\right)\) % = 100%

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