Correct Answer - Option 2 : 100%
Given:
Selling price gets “tripled”
Profit becomes 5 times
Formula Used:
Profit % = 100 × (Profit/Cost price)
Calculation:
Let the initial Selling price is SP
Now Selling Price is tripled = 3SP
Profit becomes 5 times of it
⇒ (3SP – CP) = 5 × (SP – CP)
⇒ 2SP = 4CP
⇒ SP/CP = 2/1
Profit % = 100 × (2 - 1)/1 = 100%
∴ The profit is 100%.
