Question

A dealer bought 100 article rupees 102 and sold rupees 200.find profit percent on sale price

Answer 1

The profit percentage on selling price is 96%

Explanation:

Given,

CP (Cost Price) = 102

SP (selling Price) = 200

Let x be the profit percentage

The formula to compute the profit percentage is as:

CP= ( SP * 100 ) / ( 100 + percentage profit)

102 = (200 × 100) / (100 + x)

102 (100 + x) = 20,000

10200 + 102 x = 20,000

102 x = 20,000 - 10,200

102 x= 9,800

x = 9,800 / 102

x = 96.07%

Therefore, the profit percentage is 96%

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