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 |
A) 40
B) 140
C) 100
D) 120
Correct Answer: B
Solution :
Let the CP be Rs. 100. |
\[\therefore \] SP = Rs. 120 |
New SP = Rs. 240 |
Profit \[=Rs.(240-100)=Rs.\,140\] |
\[\therefore \] Profit percentage \[=\frac{140}{100}\times 100=140\]% |
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