the price of a pencil is increased from rs 2 to rs 4 what is the percentage increase
Answers
Answer:
your answer is 50%
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Answer:
100%
Step-by-step explanation:
Concept= Profit%
Given= The Selling price of pencil at two stages
To Find= The percentage(%) increase
Explanation=
We have been given the information that the price of a pencil is increased from rs 2 to rs 4. We need to find the increase in percentage of price.
Initial cost of selling pencil is rs 2.
New Cost of selling pencil is rs 4.
Just remember how we used to calculate the Profit% when the Cost price and selling price was given , it was
(Selling price - Cost price)/Cost Price x 100
So here we replace the cost price with the initial selling price and the selling price by new selling price of the pencil.
So the Formula changes to :
(New selling price - Initial Selling Price)/Initial selling price x100
Solving by putting values=
(4-2)/2 x100
=> 2/2 x 100
=> 1*100 = 100%
Therefore the percentage increase in the selling of the pencil is 100%.
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