Question

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

Answer 1

Answer:(in short)

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%

Step-by-step :

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,

Therefore, The profit percentage is 100%.