PERCENTAGE PROFIT 1

A man sold an item at 4000/=. Find the profit made if the percentage profit was 25%.

Solution

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

                         B.P

25%  =      P         X  100   

               4000

4000  x 25 = P x 100   

100,000 = 100P

100000 = 100P

  100       100

        

P = 1000

                      

Hence the profit was 1000/=

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A man sold an item at 7000/=. Find the profit made if the percentage profit was 17%.