Multiple choice

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?

  1. 125

  2. 175

  3. 225

  4. 245

  5. 260
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let CP = 100. Initial SP = 115. New SP = 3 * 115 = 345. Profit = 345 - 100 = 245. Profit percentage = 245%.

AI explanation

Let the initial selling price be Rs. 100 for easy percentage calculation. Since this yields a 15% profit, the cost price is 100 divided by 1.15, which equals Rs. 86.95. If the calculator is sold at triple the initial selling price, the new selling price becomes Rs. 300. Using the profit percentage formula, the profit percentage is ((300 minus 86.95) divided by 86.95) multiplied by 100, resulting in 245%.

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