An article is sold at a profit of 15%. If the selling price is doubled, what will be the new profit percentage? MCQ with Answer and Explanation

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An article is sold at a profit of 15%. If the selling price is doubled, what will be the new profit percentage?

A. 230%

B. 30%

C. 130%

D. 115%

Answer: Option C

Solution (By JKExamLibrary)

Let CP = 100. Original SP = 115. New SP = 230. New Profit = 230 - 100 = 130. New Profit % = 130%.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1 Report Error

A shopkeeper sells a fan for Rs. 900, gaining 12.5%. Find the cost price.

A. Rs. 780

B. Rs. 820

C. Rs. 840

D. Rs. 800

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Correct Answer: Option D

Explanation:
CP = 900 / 1.125 = 800.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

The profit earned by selling an article for Rs. 900 is double the loss incurred when the same article is sold for Rs. 450. At what price should it be sold to make a 25% profit?

A. Rs. 600

B. Rs. 800

C. Rs. 750

D. Rs. 900

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Correct Answer: Option C

Explanation:
Let the cost price be CP. Profit = 900 - CP. Loss = CP - 450. Given: 900 - CP = 2 * (CP - 450). 900 - CP = 2CP - 900. 3CP = 1800, so CP = 600. For a 25% profit, Selling price = 1.25 * 600 = Rs. 750.

This question belongs to: Maths Profit And Loss