Question 82

A man gains 15% by selling a calculator for a certain price. If he sells it at the triple the price, then what will be the profit percentage?

Solution

Let cost price = Rs. $$100x$$

Profit % = 15%

=> Selling price = $$\frac{115}{100}\times100x=Rs.$$ $$115x$$

If selling price is tripled, => new selling price = $$3\times115x=Rs.$$ $$345x$$

$$\therefore$$ Profit % = $$\frac{(345x-100x)}{100x}\times100$$

= $$\frac{245x}{x}=245\%$$

=> Ans - (D)

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