PERCENTAGE PROFIT - 1

A man got a profit of 400/= after selling an item for 8000/=. Find the percentage profit.

Solution

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

                      B.P.

%’ge profit = 400   X  100   

                    8000

%’ge profit = 5%   

                       

Hence Percentage Profit is 5%

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A man got a profit of 1500/= after selling an item for 600,000/=. Find the percentage profit.