Tuesday 14 January 2014

PERCENTAGES B14


A man got a profit of 400/= after selling an item. Find the buying price if the percentage profit was 5%.

Solution

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

5% = 400   X  100   
          B.P.

B.P. x 5 = 40,000   

        
B.P. x 51 =   40,000   
  15                   5

B.P. = 8000

                       

Hence Buying Price was 8000/=

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