PERCENTAGE PROFIT1

A man got a profit of 7400/= after selling an item. Find the buying price if the percentage profit was 5%.

Solution

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

                        B.P

5% = 7400   X  100   

           B.P.

B.P. x 5% = 740,000   x B.P.  [multiplying by B.P. both sides]

                       B.P.

B.P. x 5 = 740,000   

B.P. x 5¹ =   740,000  ¹⁴⁸⁰⁰⁰ 

  ₁5                   5₁

B.P. = 148000

                      

Hence Buying Price was 148000/=

  

TRY THIS………………

A man got a profit of 27,500/= after selling an item. Find the buying price if the percentage profit was 20%.