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Profit, Loss & Discount · Question 25 of 72

Question 25

MediumOriginal question

Selling a school bag for ₹x gives a profit of 20%. What is the profit percentage if the bag is sold for ₹2x?

Options for question 25

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. Take CP = ₹100. Then x = ₹120.

  2. 2x = ₹240.

  3. Profit % = 240−100100×100=140%\frac{240 - 100}{100} \times 100 = 140\%.

Worth noting

Doubling the SP does not double the profit % (40%), nor leave it at 20%. The CP stays at ₹100, so the profit grows from ₹20 to ₹140.

Concept
Effect of scaling the SP on profit %
Typical time
50 s
Your time
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The rule this testsProfit and loss
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