Find the Profit Percentage if the Selling Price is Increased by 50%
An item is being sold at a loss of 25%. What will be the profit percentage if the selling price is increased by 50%?
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Let Cost Price = Rs. 100
Since the item is being sold at a loss of 25% in the 1st case, the Selling Price will be Rs. 75
Now we jack up the Selling price by 50% which is by 1.5 times, we get the new selling price to be Rs. 112.5 (75 x 1.5)
Now we can clearly see that the profit percentage will be 12.5%
Calculated as [(112.5 - 100)/100] x 100
Since the item is being sold at a loss of 25% in the 1st case, the Selling Price will be Rs. 75
Now we jack up the Selling price by 50% which is by 1.5 times, we get the new selling price to be Rs. 112.5 (75 x 1.5)
Now we can clearly see that the profit percentage will be 12.5%
Calculated as [(112.5 - 100)/100] x 100
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