PERCENTAGES 1

A man got a profit of 7300/= 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% = 7300   X  100   

            B.P.

B.P. x 10% = 730,000   x B.P.  [multiplying by B.P. both sides]

                       B.P.

B.P. x 10 = 730,000   

        

B.P. x 10¹ =   730,000     [dividing by 10 both sides]  

  ₁10                   10

B.P. =73,000

                      

Hence Buying Price was 73,000/=

TRY THIS………………

A man got a profit of 16,200/= after selling an item. Find the buying price if the percentage profit was 10%.