PERCENTAGES B11

A man got a profit of 3000/= after selling an item. Find the buying price if the percentage profit was 30%.

Solution

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

                         B.P

30% = 3000   X  100   

              B.P.

B.P. x 30 = 300,000   

        

B.P. x  30¹ =   300,000   

  ₁30                   30

B.P. = 10,000

                      

Hence Buying Price was 10,000/=