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If cost price of an article is 50% of it...

If cost price of an article is 50% of its selling price, then what is the profit percent?

A

50

B

100

C

200

D

150

Text Solution

AI Generated Solution

The correct Answer is:
To find the profit percentage when the cost price (CP) of an article is 50% of its selling price (SP), we can follow these steps: ### Step-by-Step Solution: 1. **Define Selling Price (SP)**: Let's assume the selling price (SP) of the article is \( x \). 2. **Calculate Cost Price (CP)**: According to the problem, the cost price (CP) is 50% of the selling price. Therefore, \[ CP = 50\% \text{ of } SP = 0.5 \times x = \frac{x}{2} \] 3. **Calculate Profit**: Profit is calculated as the difference between the selling price and the cost price. Thus, \[ \text{Profit} = SP - CP = x - 0.5x = 0.5x \] 4. **Calculate Profit Percentage**: The profit percentage is calculated using the formula: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{CP} \right) \times 100 \] Substituting the values we have: \[ \text{Profit Percentage} = \left( \frac{0.5x}{0.5x} \right) \times 100 = 1 \times 100 = 100\% \] ### Final Answer: The profit percentage is **100%**.
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