Quant Exam > Quant Questions > A man gains 15% by selling an article for a c...
Start Learning for Free
A man gains 15% by selling an article for a certain price. If he sells it at double the price, then the % of profit will be
- a)130%
- b)115%
- c)30%
- d)40%
- e)None of these
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
A man gains 15% by selling an article for a certain price. If he sells...
CP = 100, 15% GAIN = 115
SP = 230
P = 230-100 = 130
% = 130%
SP = 230
P = 230-100 = 130
% = 130%
Most Upvoted Answer
A man gains 15% by selling an article for a certain price. If he sells...
Problem Analysis:
Let's assume the cost price of the article is $100. According to the given information, the man gains 15% by selling it for a certain price. This means he sells it for $115.
Solution:
Now, let's consider the second scenario where the man sells the article at double the price.
Calculating the Selling Price:
To find the selling price, we need to double the cost price. Therefore, the selling price will be $100 * 2 = $200.
Calculating the Profit:
To calculate the profit, we subtract the cost price from the selling price.
Profit = Selling Price - Cost Price
= $200 - $100
= $100
Calculating the Percentage of Profit:
To calculate the percentage of profit, we use the formula:
Percentage of Profit = (Profit / Cost Price) * 100
= ($100 / $100) * 100
= 100%
Conclusion:
So, the percentage of profit when the man sells the article at double the price is 100%. Therefore, the correct option is A) 130%.
Let's assume the cost price of the article is $100. According to the given information, the man gains 15% by selling it for a certain price. This means he sells it for $115.
Solution:
Now, let's consider the second scenario where the man sells the article at double the price.
Calculating the Selling Price:
To find the selling price, we need to double the cost price. Therefore, the selling price will be $100 * 2 = $200.
Calculating the Profit:
To calculate the profit, we subtract the cost price from the selling price.
Profit = Selling Price - Cost Price
= $200 - $100
= $100
Calculating the Percentage of Profit:
To calculate the percentage of profit, we use the formula:
Percentage of Profit = (Profit / Cost Price) * 100
= ($100 / $100) * 100
= 100%
Conclusion:
So, the percentage of profit when the man sells the article at double the price is 100%. Therefore, the correct option is A) 130%.
|
Explore Courses for Quant exam
|
|
Similar Quant Doubts
A man gains 15% by selling an article for a certain price. If he sells it at double the price, then the % of profit will bea)130%b)115%c)30%d)40%e)None of theseCorrect answer is option 'A'. Can you explain this answer?
Question Description
A man gains 15% by selling an article for a certain price. If he sells it at double the price, then the % of profit will bea)130%b)115%c)30%d)40%e)None of theseCorrect answer is option 'A'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A man gains 15% by selling an article for a certain price. If he sells it at double the price, then the % of profit will bea)130%b)115%c)30%d)40%e)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A man gains 15% by selling an article for a certain price. If he sells it at double the price, then the % of profit will bea)130%b)115%c)30%d)40%e)None of theseCorrect answer is option 'A'. Can you explain this answer?.
A man gains 15% by selling an article for a certain price. If he sells it at double the price, then the % of profit will bea)130%b)115%c)30%d)40%e)None of theseCorrect answer is option 'A'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A man gains 15% by selling an article for a certain price. If he sells it at double the price, then the % of profit will bea)130%b)115%c)30%d)40%e)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A man gains 15% by selling an article for a certain price. If he sells it at double the price, then the % of profit will bea)130%b)115%c)30%d)40%e)None of theseCorrect answer is option 'A'. Can you explain this answer?.
Solutions for A man gains 15% by selling an article for a certain price. If he sells it at double the price, then the % of profit will bea)130%b)115%c)30%d)40%e)None of theseCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Quant.
Download more important topics, notes, lectures and mock test series for Quant Exam by signing up for free.
Here you can find the meaning of A man gains 15% by selling an article for a certain price. If he sells it at double the price, then the % of profit will bea)130%b)115%c)30%d)40%e)None of theseCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A man gains 15% by selling an article for a certain price. If he sells it at double the price, then the % of profit will bea)130%b)115%c)30%d)40%e)None of theseCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for A man gains 15% by selling an article for a certain price. If he sells it at double the price, then the % of profit will bea)130%b)115%c)30%d)40%e)None of theseCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of A man gains 15% by selling an article for a certain price. If he sells it at double the price, then the % of profit will bea)130%b)115%c)30%d)40%e)None of theseCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A man gains 15% by selling an article for a certain price. If he sells it at double the price, then the % of profit will bea)130%b)115%c)30%d)40%e)None of theseCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Quant tests.
|
|
Explore Courses for Quant exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup