PERCENT PROFIT 1

A man got a profit of 1500/= 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% = 1500   X  100   

            B.P.

10% = 150000   

               B.P.

B.P. x 10% = 150000   x B.P.

                       B.P.

B.P. x 10 = 150,000   

        

B.P. x 10¹ =   150000    [dividing by 10 both sides]

  ₁10                   10

B.P. = 15,000

                      

Hence Buying Price was 15,000/=

TRY THIS………………

A man got a profit of 2400/= after selling an item. Find the buying price if the percentage profit was 30%.