The selling price of the article is two times of the cost price . What is the gain percentage? [Tips= Take c.p = 100 and calculate] *
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Profit Percent = 100%
Step-by-step explanation:
GIVEN
Cost Price = 100
Selling Price = 2× Cost Price = 2 × 100 = 200
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To Find
Gain Percent
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We know that,
Profit Percent = ( Profit × 100 ) / Coat Price
Profit = Selling Price - Cost Price
Profit = 200 - 100
Profit = 100
Profit = ₹100
Profit Percent = ( 100 × 100 ) / 100
Profit Percent = 10000 / 100
Profit Percent = 100
Profit Percent = 100%
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