An article when sold at a certain price gives a profit of 20%. Find the gain % if it is sold for twice the price.
A
40%
B
80%
C
200%
D
140%
Correct Option - D
Explaination
SP = 1.2CP
If it is sold for twice the price,
New SP = 2.4CP
Gain = SP-CP = 1.4CP
Gain% = (Gain/CP)*100 = 140%