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

66.6%
150%
100%
190%

Correct Answer: 100%

Explanation:

Let CP be x and SP be y.

3(y –x) = (2y –x)y = 2x

Profit = y –x = 2x –x = x

Profit% = x/x X 100 = 100%

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