Question
Download Solution PDFIf 2 times of selling price is equal of 3 times of cost price, then what is the profit percentage?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
2 times of selling price is equal of 3 times of cost price
Concept used:
Profit is calculated on Cost Price.
Calculation:
Let the total amount sped is Rs 60
So selling price of one is,
⇒ 60 / 2 = Rs 30
Cost price of one is,
⇒ 60 /3 = Rs 20
So profit percentage,
⇒ \(30-20\over20 \space\) × 100 = 50%
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