Multiple choice

A man sells his object at a 7\% loss. If the selling price becomes double, find his new profit percentage?

  1. 14%

  2. 86%

  3. 17%

  4. 46%

  5. Can't be determined
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let SP = 100. Loss 7% means CP = 100/0.93 ≈ 107.53. New SP = 200. Profit = 200 - 107.53 = 92.47. Profit% = (92.47/107.53) × 100 ≈ 86%. Alternatively: original loss 7% on CP, doubling SP gives roughly 86% gain. Options A and C are arithmetic errors.

Keep practicing — related questions