The selling price of an article can be calculated using the formula:

Selling Price = Cost Price + Profit

Given that the profit margin is 150%, this means that the profit is 150% of the cost price. In this case, the cost price is $p.

So, the profit is 150/100 * $p = 1.5 * $p

Therefore, the selling price of the article is:

Selling Price = $p (Cost Price) + 1.5 * $p (Profit)

Selling Price = $p + 1.5 * $p

Selling Price = 2.5 * $p

So, if a clothing store operates on a profit margin of 150%, the selling price of an article bought for $p is 2.5 * $p.

Question

The selling price of an article can be calculated using the formula:

Selling Price = Cost Price + Profit

Given that the profit margin is 150%, this means that the profit is 150% of the cost price. In this case, the cost price is $p.

So, the profit is 150/100 * $p = 1.5 * $p

Therefore, the selling price of the article is:

Selling Price = $p (Cost Price) + 1.5 * $p (Profit)

Selling Price = $p + 1.5 * $p

Selling Price = 2.5 * $p

So, if a clothing store operates on a profit margin of 150%, the selling price of an article bought for $p is 2.5 * $p.

Knowee AI · Accepted Answer