If selling price is multiplied by 3, the profit becomes 5 times the original profit. Find the original profit percentage. MCQ with Answer and Explanation
If selling price is multiplied by 3, the profit becomes 5 times the original profit. Find the original profit percentage.
A. 125%
B. 100%
C. 150%
D. 50%
Answer: Option B
Solution (By JKSSB Mock Tests)
Let original SP = S, CP = C. Profit P = S - C. New SP = 3S. New Profit = 3S - C. Given: 3S - C = 5(S - C). 3S - C = 5S - 5C. 4C = 2S. S = 2C. Profit = 2C - C = C. Profit % = (C/C) * 100 = 100%.
Two sellers A and B claim the same profit percentage on selling an item for Rs. 1800. A calculates his profit on the selling price, while B calculates it on the cost price. If the difference in their profit is Rs. 150, what is the claimed profit percentage?
A manufacturer sells to a wholesaler at a profit of 20%. The wholesaler sells to a retailer at a profit of 25%. The retailer sells to a customer at a profit of 40%. If the customer pays Rs. 4200, find the manufacturing cost.
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