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A man gained 10% by selling an article for a certain price. If the sells it at double the price, then the profit made is?

120%
20%
40%
100

Correct Answer: 120%

Explanation:

Let CP of the article be ₹ N
Then, SP = 110% of x = 1.1N
If SP be double i.e., 2.2N, then
Profit per cent= [(2.2N - N)/ N] x 100% = 120%

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