How to Calculate Profit on Selling Price?

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Homework Help Overview

The discussion revolves around calculating profit in relation to selling price and cost price, specifically focusing on a scenario where a profit of 25% is made on the cost price of an article. Participants are exploring the implications of this profit in terms of selling price.

Discussion Character

  • Exploratory, Conceptual clarification, Mathematical reasoning

Approaches and Questions Raised

  • Some participants question the clarity of the original problem statement, particularly regarding the definition of profit on selling price. Others attempt to clarify the relationship between cost price, selling price, and profit, suggesting that profit is a percentage of cost price and questioning how that translates to selling price.

Discussion Status

The discussion is active, with participants providing insights and clarifications. There is an acknowledgment of confusion regarding the terminology used in the problem, and some participants are attempting to break down the relationships between the variables involved.

Contextual Notes

Participants note that the original problem may lack clarity, particularly in how profit is defined in relation to selling price. There is also a mention of using real numbers to simplify the understanding of the problem.

Amith2006
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Homework Statement


A PROFIT OF 25 is MADE on THE COST PRICE OF an ARTICLE. WHAT is THE PROFIT  on THE SELLING price of the ARTICLE?


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The Attempt at a Solution


I think Something is wrong with the question. could Someone Understand the question? A profit is made on C.P. That must BE the selling price. Now, what DO mean by profit  on S.P?
 
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the squares represent PERCENTILE.
 
Ok, CP=cost price, SP=selling price. Hence, profit P=SP-CP, right? You are given that P is 25% of CP, I think. Then I believe they are asking what percentage is P of SP. Did I get that right? I'm not an expert at finance. Then do the algebra. If it gets confusing just make up some real numbers that fit the assumptions and do it with them.
 
got ur point. thanx.
 

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