PERCENTAGES B10

A man got a profit of 1000/= after selling an item for 5000/=. Find the percentage profit.

Solution

%’ge profit = Profit   X  100    where B. P. represents Buying Price.

                         B.P

%’ge profit = 1000   X  100   

                        5000

%’ge profit = 20%   

                        

Hence Percentage Profit was 20%