A man gains 15% by selling a calculator for a certain price. If he sells it at the triple the price, then what will be the profit percentage?Options125225245175
Question
A man gains 15% by selling a calculator for a certain price. If he sells it at the triple the price, then what will be the profit percentage?Options125225245175
Solution
The problem states that a man gains a 15% profit by selling a calculator at a certain price. We can use this information to find the cost price of the calculator.
Let's assume the cost price of the calculator is $100 (this makes our calculations easier, and we can apply the result to any actual price later).
So, if he gains 15% profit, the selling price of the calculator would be $115 (100 + 15% of 100).
The problem then states that he sells it at triple the price. So, the new selling price would be 3 * 345.
The profit now would be the selling price minus the cost price, which is 100 = $245.
To find the profit percentage, we use the formula:
Profit % = (Profit / Cost price) * 100 = (245 / 100) * 100 = 245%
So, if he sells the calculator at triple the price, the profit percentage would be 245%. Therefore, the correct option is 245.
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