Question

if the cost price of an article is 3/2 of its selling price then the profit or loss percent is

Answer 1

sp=100
cp=150
L=50
L%=33⅓

Answer 2

Given: The cost price of an article is 3/2 of its selling price.

To find: We have to find the profit or loss.

Solution:

To determine the percentage of profit or loss we have to follow the below steps-

Let the selling price of the article is 100 rupees.

Given that the cost price of an article is 3/2 of its selling price.

So, the cost price of the article is 100×3/2=150.

Thus the percentage of loss will be-

$\frac{150 - 100}{150} \times 100 \\ \frac{50}{150} \times 100 \\ \frac{100}{3} \\ = 33.33\%$

The percentage of loss is 33.33%.