110 : x = (100+P) : 2x nbsp; or 110x=100+p2x or 100+P = 220 ∴ nbsp; P = 120 nbsp; ...

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Profit & Loss

A man gains 1...

Question

A man gains 10% by selling a certain article for a certain price. If he sells it at double the price, the profit made is

20%

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120%

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100%

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140%

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Solution

The correct option is B 120%
110 : x = (100+P) : 2x or

$\frac{110}{x} = \frac{100 + p}{2 x}$

or 100+P = 220

$∴$ P = 120 %.

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