It's so simple, right?

Algebra Level 2

Andrew sold an article at 10% profit. If he would have sold it at the double price, then what would be the profit percentage?

10% 20% 120% 100%

This section requires Javascript.
You are seeing this because something didn't load right. We suggest you, (a) try refreshing the page, (b) enabling javascript if it is disabled on your browser and, finally, (c) loading the non-javascript version of this page . We're sorry about the hassle.

2 solutions

Sandeep Bhardwaj
Sep 23, 2015

Let Andrew bought the article for $ x x , then selling price is x + x × 10 100 = 11 x 10 x+x \times \dfrac{10}{100}=\dfrac{11x}{10} .

Doubling the selling price, Andrew would have sold the article at $ 22 x 10 \dfrac{22x}{10} . Hence the profit would be 22 x 10 x = 12 x 10 \dfrac{22x}{10}-x=\dfrac{12x}{10} .

Now using the formula for profit percentage i.e. Profit Percentage = Profit Cost Price × 100 \boxed{ \text{ Profit Percentage } =\dfrac{ \text{ Profit } }{ \text{ Cost Price } } \times 100 } .

Profit %= 12 x 10 x × 100 = 120 \dfrac{ \frac{12x}{10}}{x} \times 100=120 % \square

enjoy!

Deepak Kumar
Sep 23, 2015

Not even a 30 sec question.Let he sold for $110.So CP is $100 and under the condition of SP being $220,profit % numerically = profit=120

0 pending reports

×

Problem Loading...

Note Loading...

Set Loading...