Quantitative Aptitude Ques 213

Question: A man gains 20% by selling an article for a certain price. If he sells it at double the price. the percentage of profit will be

Options:

A) 40

B) 140

C) 100

D) 120

Show Answer

Answer:

Correct Answer: B

Solution:

  • Let the CP be Rs. 100.

$ \therefore $ SP = Rs. 120 New SP = Rs. 240 Profit $ =Rs.(240-100)=Rs.,140 $

$ \therefore $ Profit percentage $ =\frac{140}{100}\times 100=140 $ %