The S.P. of an article is one and half times of its C.P. Then profit percent is ___________.
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Given: The S.P. of an article is one and half times of its C.P.
To find: The profit percent.
Solution:
Let us assume that 'x' be the Cost price (CP).
As it is given by, the SP of an article is one and half times of its CP. Therefore, the Selling price (SP) will be:
- SP =
We know that,
- Profit =
where, SP is the Selling price and CP is the Cost price.
By substituting the known values in the formula, we get the following results:
Hence the correct answer is 50%.
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