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Multiple choice

What will be profit percent,if selling price is 1.5 times of cost price?

  1. 50%

  2. 45%

  3. 58%

  4. 75%

  5. None of these

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

If selling price is 1.5 times cost price, then profit = SP - CP = 1.5CP - CP = 0.5CP. Profit percentage = (Profit/CP) × 100 = (0.5CP/CP) × 100 = 50%.

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