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. 150%

  2. 100%

  3. 50%

  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 360. The profit is 360 - 100 = 260. The gain percent is (260/100) * 100 = 260%. The stored answer '260' represents this percentage.