Latest Accenture Aptitude Question SOLUTION: If a shopkeeper accidentally sells a pen at double its actual selling price, his profit increases 4 fold. Then he realizes his mistake and sells other pens at their original sellin

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If a shopkeeper accidentally sells a pen at double its actual selling price, his profit increases 4 fold. Then he realizes his mistake and sells other pens at their original selling price. Find his actual profit percentage.

Asked In Accenture (12 years ago)

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Sumit Gupta  (11 years ago)

let the original selling price be sp and the cost price be cp.

If he sells the pen at double the selling price, his new profit will be 2sp - cp.
His actual profit should had been (sp - cp). But his accidental rising of the selling price resulted in a four fold increase of the original profit which is 4 X (sp - cp).

Hence, 2sp - cp = 4 X (sp - cp)
Therefore sp = (3/2)cp.

Actual profit percentage = (sp - cp)/cp % = 50%

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