3 Views

Question : A shopkeeper sells a box and earns a profit of 5%. For the next box, he decides to charge double the selling price. What is the profit percent on the second box?

Option 1: 100%

Option 2: 110%

Option 3: 200%

Option 4: 80%


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 27th Jan, 2024

Correct Answer: 110%


Solution : Let the cost price of the first box be 100.
$\therefore$ Selling price of first box = 100 + 5 = 105
He sold the 2nd box doubling the selling price of the first box.
$\therefore$ Selling price of 2nd box = 105 × 2 = 210
So, the profit percentage on the 2nd box $=\frac{210-100}{100}×100=110\%$
Hence, the correct answer is 110%.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books