PERCENTAGES B7

A man got a profit of 270/= after selling an item. Find the buying price if the percentage profit was 3%.

Solution

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

                         B.P

3% = 270   X  100   

          B.P.

B.P. x 3 = 27,000   

        

B.P. x 3¹ =   27,000   

  ₁3                   3

B.P. = 9,000

                      

Hence Buying Price was 9,000/=