Question : An article is sold at a profit of 25%. If the selling price is doubled, the profit will be:
Option 1: 200%
Option 2: 50%
Option 3: 100%
Option 4: 150%
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Correct Answer: 150%
Solution :
Let the cost price (CP) be Rs. 100.
With a profit of 25%, SP = Rs. 125
If the SP is doubled, the new SP = Rs. 250
New profit = New SP – CP = 250 – 100 = Rs. 150
So, new profit % = $\frac{\text{Profit}}{\text{Actual C.P}}×100=\frac{150}{100}×100=150\%$
Hence, the correct answer is 150%.
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