to double the profit from the present 10 % the present selling price of rs.100 will have to be increased approximately to
To double the profit from the present 10%, we need to calculate the new selling price by increasing the original selling price of Rs. 100.
Step 1: Determine the profit amount at the present selling price.
Profit % = 10%
Present selling price = Rs. 100
Profit amount = (Profit % / 100) * Present selling price
Profit amount = (10 / 100) * 100
Profit amount = Rs. 10
Step 2: Calculate the desired profit amount (double the current profit).
Desired profit amount = 2 * Current profit amount
Desired profit amount = 2 * Rs. 10
Desired profit amount = Rs. 20
Step 3: Calculate the new selling price to achieve the desired profit.
New selling price = Present selling price + Desired profit amount
New selling price = Rs. 100 + Rs. 20
New selling price = Rs. 120
Therefore, to double the profit from the present 10%, the present selling price of Rs. 100 will have to be increased to approximately Rs. 120.
To double the profit from the present 10%, we need to find the new selling price by increasing the existing selling price of Rs. 100.
First, let's determine the current profit amount. Profit can be calculated as a percentage of the selling price.
Profit = (Profit Percentage / 100) * Selling Price
Given that the current profit is 10% and the selling price is Rs. 100, the current profit amount can be calculated as follows:
Current Profit = (10 / 100) * Rs. 100
= Rs. 10
To double this profit, we need to determine the new selling price that will yield a profit of Rs. 20.
New Selling Price = Current Selling Price + Desired Profit Amount
Since the current selling price is Rs. 100 and we want to increase the profit by Rs. 20, we can calculate the estimated new selling price as follows:
New Selling Price = Rs. 100 + Rs. 20
= Rs. 120
Therefore, to double the profit from the present 10%, the existing selling price of Rs. 100 will need to be increased to approximately Rs. 120.
Profit = 0.1 * 100 = $10.
0.1x = 20, X = $200 = New selling price.