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A man gains 10% by selling an article for a certain price. If sells it at double the price, the profit made is ?
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- 20%
- 60%
- 100%
- 120%
Correct Option: D
Let the cost price be 100 rupees.
So after 10% profile price would be Rs. 110.
Price when man sells this item at double price = Rs. 220.
Net profit = 220 - 100 = 120.
% Profit = 120 % ( Cost price is Rs. 100)
