Question

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

Answer 1

Solution :

Let cost price of an article (c.p) = Rs x

selling price (s.p) = Rs 2x

Profit (g) = s.p - c.p

= 2x - x

= Rs x

profit % = (g × 100)/(c.p)

= (x * 100)/x

= 100

Therefore,

profit percentage = 100%

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