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SSC MTS 2022 · PYQ · Profit and Loss · medium

A man earns a profit of 45 percent by selling a bike for a certain price. If he sells that bike at double the price, then what will be the profit percentage?

  1. A.80 percent
  2. B.90 percent
  3. C.190 percent✓ Correct
  4. D.180 percent

Explanation

Let cost price = ₹100; selling price at 45% profit = ₹145. At double the price, SP = ₹290. Profit% = (290–100)/100 × 100 = 190%.
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