Thursday 16 February 2017

PERCENTAGE PROFIT 1A


A man got a profit of 7400/= 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% = 7400   X  100   
            B.P.

B.P. x 10% = 740,000   x B.P.  [multiplying by B.P. both sides]
                       B.P.

B.P. x 10 = 740,000   

B.P. x 101 =   740,000   
  110                   10

B.P. =74,000
                      
Hence Buying Price was 74,000/=


TRY THIS………………


A man got a profit of 17,500/= after selling an item. Find the buying price if the percentage profit was 20%.

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