Question

The profit percent when the selling price of an article is one and half times the cost price is?

Answer 1

Answer:

So , let us take the CP as 100

So SP will be 1.5 × 100 = 150

So Profit = 150 - 100 = 50

So Profit % = Profit × 100 = 50 × 100 = 50%

                       CP               100 (cancel both 100 and 100)

So the answer is 50%

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Answer 2

Answer:

The profit percent is 50%

Step-by-step explanation:

According to the given question:

selling price or SP= the price at which a shopkeeper sells his goods.

whereas, cost price or CP= the actual price of the good.

Given:

Selling price(SP)= 3/2times cost price

To find:

Profit percent?

Solution:

We know the formula for profit as:

Profit = SP-CP

         =3/2CP-CP

         =(3CP-2CP)/2

         = CP/2

Profit= CP/2

Now, we find the percentage of profit; It's formula being

Profit percentage= Profit/CP×100

                              = CP/2×1/CP×100

                              = 100/2

                              = 50%

Thus, profit percentage is 50%

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