PERCENTAGES B9

A man got a profit of 500/= after selling an item for 2000/=. Find the percentage profit.

Solution

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

                         B.P

%’ge profit = 500   X  100   

                        2000

%’ge profit = 25%   

                       

Hence Percentage Profit is 25%