if sp of an article is 3/2 of its cp, then profit is? please answer step by step
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if sp of an article is 3/2 of its cp, then profit is? please answer step by step
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Here, let x be the C.P
1.5x - x = Profit = 3/2x - x
Step-by-step explanation:
Let the cost price be x.
Since, the selling price = 2x
3
We know that
Profit = S.p-C.p x100
C.P
= 3x-x
2
×100
x
= 2 x100
x
= 1 x 100
2
=50%
Hence, this is the answer.