SOLUTION: If selling price is doubled, the profit triples. Find the profit percent.

Question 1089344: If selling price is doubled, the profit triples. Find the profit percent.
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!
Let the C.P. be and the S.P. be
So the profit is ---------------------------- (1)
Now, the S.P. is doubled. So the new
The new
Given that when S.P. is doubled, profit increases times
=> New
=>
=>
=>
So, the
% = %

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