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If the cost price of an article is 50% o...

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

A

100

B

50

C

75

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 the selling price (SP), we can follow these steps: ### Step-by-Step Solution: 1. **Define the relationship between CP and SP**: - Given that the cost price (CP) is 50% of the selling price (SP), we can express this mathematically as: \[ CP = 0.5 \times SP \] 2. **Express SP in terms of CP**: - Rearranging the equation from step 1, we can express the selling price (SP) in terms of the cost price (CP): \[ SP = \frac{CP}{0.5} = 2 \times CP \] 3. **Calculate the profit**: - Profit is defined as the difference between the selling price and the cost price: \[ Profit = SP - CP \] - Substituting the expression for SP from step 2: \[ Profit = (2 \times CP) - CP = CP \] 4. **Calculate the profit percentage**: - The profit percentage is calculated using the formula: \[ Profit\% = \left(\frac{Profit}{CP}\right) \times 100 \] - Substituting the profit from step 3: \[ Profit\% = \left(\frac{CP}{CP}\right) \times 100 = 100\% \] ### Final Answer: The profit percentage is **100%**.
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