Aptitude - Profit and Loss - Discussion

Discussion Forum : Profit and Loss - General Questions (Q.No. 3)
3.
If selling price is doubled, the profit triples. Find the profit percent.
66 2
3
100
105 1
3
120
Answer: Option
Explanation:

Let C.P. be Rs. x and S.P. be Rs. y.

Then, 3(y - x) = (2y - x)    y = 2x.

Profit = Rs. (y - x) = Rs. (2x - x) = Rs. x.

Profit % = x x 100 % = 100%
x

Video Explanation: https://youtu.be/dPzF10mGsWE

Discussion:
303 comments Page 3 of 31.

Kiran said:   1 decade ago
Still I m unable to understand this problem please help me out.

M.V.KRISHNA said:   1 decade ago
3(y - x)=(2y - x)
This step is not clear for me.

Alternate method:

S.P = C.P + PROFIT.............(1)
2*S.P = C.P + 3*PROFIT...........(2)

eq(2) - eq(1)

S.P = 2* PROFIT

SUBST S.P IN (1), WE GET

2* PROFIT = C.P + PROFIT

therefore, PROFIT = C.P

PROFIT % = (PROFIT / C.P) * 100

FINALLY, PROFIT % = 100%

Karthic.v said:   1 decade ago
Help. Please give me an another way to solve the problem.

SURAJ SAHOO said:   1 decade ago
LET C.P= 10
S.P= 20
SO, PROFIT= (20-10)I.E (SP-CP)

ACC TO THE QUES,

IF S.P DOUBLES I.E 2(20) THEN

PROFIT TRIPLES I.E 3(20-10).

SO, PROFIT PERCNT= (PROFIT/CP)*100

= {3(20-10)/10}*100
= 300%.

Ashish said:   1 decade ago
Profit = s.p - c.p ---(1)
3(profit)=2s.p - c.p ---(2)
-----------------------
solving equ 1 nd 2... we get

s.p = 2(profit) ---- (3)

substitute equ (3) in equ (1)... we get
c.p = profit ---- (4)

using (3) nd (4) if c.p=1 then s.p=2 and profit=1
hence, profit% = (profit/c.p)*100 = 100%

Srinivas said:   1 decade ago
@Balaji well done.

Atul said:   1 decade ago
Cost price x , selling price y, profit (y-x).

If selling price is doubled =2y , then new profit will be (2y-x)
which 3 times the original profit i.e. (y-x)
there fore new profit (2y-x)= 3x old profit (x-y)
That is (2y-x)=3(x-y).

Vamsi said:   1 decade ago
gain=s.p-c.p.
let the c.p be 'x' and s.p be 'y'.
profit is=(y-x)
condntn is if s.p is doubled then only profit will be tripled.

3*profit=(s.p-c.p)
3(y-x)=(2y-x)
y=2x;

Guneet said:   1 decade ago
I am explaining the question in accordance with CP=x and SP=y.

The real confusion in this question is that in the statement they have said "selling price is doubled", which means the equation should be 2y = 3(y-x).

But this is wrong, because on left side we are taking only NEW SP but the right side the equation is in terms of Profit.
Remember they have given the relation if SP and Profit in proportionality and NOT EQUAL.

But, we have to make an equation in terms of profit on both sides. So, to get the new Profit, the SP is doubled and the original CP is subtracted from the same i.e. 2y and then subtract the CP from it which gives the equation as : (2y-x) .

I hope the rest is clear to all .. the same is very well explained by @atul

Thank you.

Poonam said:   1 decade ago
Can you explain me if selling price is doubled then how profit is thrice the cost price.

As we all know that
selling price=cost price+ profit. I am little bit confused.


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