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Discussion :: Profit and Loss

  1. A man gains 20% by selling an article for a certain price. If the sells it at double the price, the percentage of profit will be:
    2. A.
    40
    B.
    100
    C.
    120
    D.
    140

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    Answer : Option D

    Explanation :

    Let C.P. = Rs. x. 

    Then, S.P. = Rs. (12% of x) = Rs. 6x/5

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