Question

if the selling price of an article is twice the cost price, the profit percent is

Answer 1

LET THE COST PRICE BE RS x
THEN THE SELLING PRICE WILL BE 2x
THUS, PROFIT = SP - CP = 2x - x = x
Profit % = profit/cp × 100 = x/x × 100 = 100%

Answer 2

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,

$P\%=\frac{P}{CP}\times 100$

$P\%=\frac{x}{x}\times 100$

$P\%=100\%$

Therefore, The profit percentage is 100%.