Multiple choice general knowledge math & puzzles

A radio when sold at a certain price gives a gain of 20%. What will be the gain percent, if sold for thrice the price?

  1. 280

  2. 270

  3. 290

  4. 260

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let Cost Price (CP) be 100. A 20% gain means Selling Price (SP) is 120. If sold for thrice the price, the new SP is 120 * 3 = 360. The new gain is 360 - 100 = 260. Since CP is 100, the gain percentage is 260%.