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

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SSC MTS (2022) Official Paper (Held On: 13 Jun, 2023 Shift 2)
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  1. 4 percent
  2. 40 percent
  3. 25 percent
  4. 50 percent

Answer (Detailed Solution Below)

Option 4 : 50 percent
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SSC MTS 2024 Official Paper (Held On: 01 Oct, 2024 Shift 1)
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Detailed Solution

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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%

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