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:
Option 1: 40%
Option 2: 100%
Option 3: 120%
Option 4: 140%
Latest: SSC CGL Tier 1 Result 2024 Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: 140%
Solution : Let the cost price (CP) be Rs. 100. Profit = 20% Selling price (SP) = 100 + 20 = Rs. 120 When the selling price is doubled, SP × 2 = (120 × 2) = Rs. 240 New profit = (New SP – CP) = (240 – 100) = Rs. 140 Thus, Profit % = $\frac{140}{100}$ × 100 = 140% Hence, the correct answer is 140%.
Candidates can download this ebook to know all about SSC CGL.
Result | Eligibility | Application | Selection Process | Preparation Tips | Admit Card | Answer Key
Question : A man gains 15% by selling a calculator for a certain price. If he sells it at triple the price, then what will be the profit percentage?
Question : A dealer gains 20% by selling an article at 25% discount on its marked price. If the cost price of the article is decreased by 15%, how much discount percentage should he now give on the same marked price so as to earn the same percentage of profit as before?
Question : The percentage profit earned by selling an article for Rs. 2,000 is the same as the percentage loss incurred by selling the same article for Rs. 1,200. At what price should that article be sold to make a profit of 20%?
Question : A shopkeeper makes a net profit of 44% on selling an article at successive discounts of 10% and 20%. Find the net profit percentage, if the shopkeeper sells the same article at a discount of 15%.
Question : By selling 90 pens for INR 80, a man loses 20%. What should be the selling price (in INR) of 90 pens for 20% profit?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile