PERCENTAGE PROFIT A2

A man got a profit of 600/= after selling an item. Find the buying price if the percentage profit was 10%.

Solution

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

                         B.P

10% = 600   X  100   

            B.P.

B.P. x 10% = 60,000   x B.P.

                       B.P.

B.P. x 10 = 60,000   

        

B.P. x 10¹ =   60,000   

  ₁10                   10

B.P. = 6,000

                      

Hence Buying Price was 6,000/=

TRY THIS………………

A man got a profit of 1000/= after selling an item. Find the buying price if the percentage profit was 10%.