Question

Find the profit% if the selling price of an article is twice its cost price?

Answer 1

Answer:

The profit percentage is 100%.

Step-by-step explanation:

Given : If the selling price of an article is twice the cost price.  

To find : The profit percent is ?  

Solution :  

Let the cost price of an article is CP=Rs.x  

The selling price of an article is twice the cost price,

i.e. SP=Rs.2x

The profit is given by,  

Profit = Selling price - Cost price  

Profit = 2x-x  

Profit = Rs.x  

The profit percentage is given by,

P%=P/CP*100

P%=X/X*100

P%= 100%  

Therefore, Therefore, The profit percentage is 100%.