Tuesday 6 December 2016

PERCENTAGE PROFIT 1


A man got a profit of 4000/= 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% = 4000   X  100   
             B.P.

B.P. x 10 = 400,000   
         
B.P. x  101 =   400,000   
  110                  10

B.P. = 40,000
                      
Hence Buying Price was 40,000/=

TRY THIS………………….


A man got a profit of 6000/= after selling an item. Find the buying price if the percentage profit was 20%.

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