PERCENTAGES B14

A man got a profit of 400/= 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% = 400   X  100   

          B.P.

B.P. x 5 = 40,000   

        

B.P. x 5¹ =   40,000   

  ₁5                   5

B.P. = 8000

                       

Hence Buying Price was 8000/=