Question

If S.P. of an article is $\frac{3}{2}$ of its C.P.,then profit (in percent) is.

Answer 1

Let the cost price be $x$.

Since, the selling price $=\frac{3}{2}x$

We know that

Profit $=\frac{S.P-C.P}{C.P}\times 100$

$=\frac{\frac{3x}{2}-x}{x}\times 100$

$=\frac{\frac{x}{2}}{x}\times 100$

$=\frac{1}{2}\times 100$

$=50\%$

Hence, this is the answer.