Question
Download Solution PDFIf the selling price of an article is doubled, then the profit becomes four times. What was the original profit percentage?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
If the selling price of an article is doubled, then the profit becomes four times.
Formula used:
Profit = Selling price (S.P) - cost price (C.P)
Profit % = {profit (P) × 100}/C.P
Calculation:
According to the question:
⇒ 4 × (S.P - C.P) = (2 × S.P - C.P)
⇒ 4 S.P - 4 C.P = 2 S.P - C.P
⇒ 2 S.P = 3 C.P
⇒ S.P/C.P = 3/2
Profit percentage = (P × 100)/C.P.
⇒ {(3 - 2) × 100}/2 = 100/2 = 50%.
∴ The correct answer is 50%.
Last updated on Jun 9, 2025
-> The SSC CGL Notification 2025 has been released on 9th June 2025 at ssc.gov.in.
-> The SSC CGL exam registration process is now open and will continue till 4th July 2025, so candidates must fill out the SSC CGL Application Form 2025 before the deadline.
-> This year, the Staff Selection Commission (SSC) has announced approximately 14,582 vacancies for various Group B and C posts across government departments.
-> The SSC CGL Tier 1 exam is scheduled to take place from 13th to 30th August 2025.
-> Aspirants should visit ssc.gov.in 2025 regularly for updates and ensure timely submission of the SSC CGL exam form.
-> Candidates can refer to the SSC CGL syllabus for a better understanding of the exam structure and pattern.
-> The SSC CGL Eligibility is a bachelor’s degree in any discipline.
-> Candidates selected through the SSC CGL exam will receive an attractive salary. Learn more about the SSC CGL Salary Structure.
-> Attempt SSC CGL Free English Mock Test and SSC CGL Current Affairs Mock Test.
-> Candidates should also use the SSC CGL previous year papers for a good revision.