PERCENTAGES B5

A man sold an item at 4000/=. Find the profit made if the percentage profit was 15%.

Solution

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

                         B.P

15%  =      P         X  100   

               4000

4000  x 15 = P x 100   

60000 = 100P

60000 = 100P

  100       100

        

P = 600

                      

Hence the profit was 600/=