PERCENTAGES B12

A man got a profit of 360/= after selling an item. Find the buying price if the percentage profit was 9%.

Solution

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

                         B.P

9% = 360   X  100   

          B.P.

B.P. x 9 = 36,000   

        

B.P. x 9¹ =   36,000   

  ₁9                   9

B.P. = 4000

                      

Hence Buying Price was 4000/=