PERCENTAGE PROFIT 1

A man got a profit of 600/= after selling an item. Find the buying price if the percentage profit was 3%.

Solution

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

                         B.P

3% = 600   X  100   

            B.P.

B.P. x 3% = 60,000   x B.P.

                       B.P.

B.P. x 3 = 60,000   

        

B.P. x 3¹ =   60,000 ^20,000  

  ₁3                  3₁

B.P. = 20,000

                      

Hence Buying Price was 20,000/=

TRY THIS………………

A man got a profit of 34,100/= after selling an item. Find the buying price if the percentage profit was 10%.