Hi Karuppiah, the easiest way is to dissolve a certain amount of fertilizer in water, filter the solution if necessary and then determine the sulphate content in the solution (http://www.merckmillipore.com/DE/de/product/Sulfate-Test,MDA_CHEM-110019). You can then calculate back to potassium sulphate and with the weight of the dissolved fertilizer you can calculate the mass percentages. But be aware that this is only an estimation. You didn't ask for an exact method (e.g. ion chromatography).
If there are any other sulfates like sodium sulfate present, this procedure may not be useful. It should contain only potassium sulfate. Otherwise you have to test for absence of other sulfates
I agree with Markus Christ + determine the potassium concentration not only sulphate concentration and you can to determine sulphate concentration in the solution by EDTA-Na2 and determine the potassium concentration by phlamephotometer then you can to change the concentration to K2SO4% depending on the amout of dissolving organic fertilizer in a known volume of water.
Do you want to determine K2SO4 concentration or K2SO4 equivalent. If it is organic fertiliser no-inorganic fertiliser incorporated in this case yor can only analize K content of the fertilizer by simply digesting it. If inorganic K fertilizer is incorporated in this case you have to determine both K and S in the fertilizer. This should be water soluble fractions.