If 2 times of selling price is equal of 3 times of cost price, then what is the profit percentage?

Question

Question

This question was previously asked in

SSC MTS (2022) Official Paper (Held On: 13 Jun, 2023 Shift 2)

Answer 1

Given:

2 times of selling price is equal of 3 times of cost price

Concept used:

Profit is calculated on Cost Price.

Calculation:

Let the total amount sped is Rs 60

So selling price of one is,

⇒ 60 / 2 = Rs 30

Cost price of one is,

⇒ 60 /3 = Rs 20

So profit percentage,

⇒ \(30-20\over20 \space\) × 100 = 50%