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Profit loss understanding with algebraic knowledge
To find the profit percent when selling price is doubled and profit triples.
Let the cost price be C, selling price be S, and profit be P.
Given, 2S = S + 3P (since selling price is doubled and profit triples)
From the above equation, we can find the profit percent using the formula: Profit percent = (P/C) * 100
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Production Supervisor
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