A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be:

  • Option 1)

    40%

  • Option 2)

    100%

  • Option 3)

    130%

  • Option 4)

    140%

  • Option 5)

    120%

Answers (1)

Let CP =  100   ,     SP = 120

New SP + 240

P\; ^{0}\! /_{0}=\left ( \frac{140}{100} \right )100=140\; ^{0}\! /_{0}

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