PERCENTAGES B1

Aniket sold an item at 3000/=. Find the profit made if the percentage profit was 8¹/3%.

Solution

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

                         B.P

8¹/3% =      P         X  100   

                 3000

3000  x 8¹/3 = P x 100   

¹⁰⁰⁰3000  x  25 = P x 100

                     3₁

1000 x 25 = 100P

25000 = 100P

25000 = 100P

  100       100

        

P = 250

                      

Hence the profit was 250/=