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If selling price is doubled, the profit triples. Find the profit percent.

Difficulty: Medium

Correct Answer: 100%

Explanation:

Let cost price = C and original selling price = S


Condition

When the selling price is doubled, profit becomes triple:

2S − C = 3(S − C)2S − C = 3S − 3C⇒ 2C = S


Original profit
Profit = S − C = 2C − C = CProfit% = (C ÷ C) × 100 = 100%


Final Answer: Profit percentage = 100%.

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