Question

if the selling price of an article is twice the cost price the profit percentage is

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Answer 1

Answer:

100%

Step-by-step explanation:

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 X 100

P% = x/x X 100

P% = 100

Therefore, The profit percentage is 100%.

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