PERCENTAGES B15

A man got a profit of 2000/= after selling an item for 8000/=. Find the percentage profit.

Solution

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

                         B.P

%’ge profit = 2000   X  100   

                        8000

%’ge profit = 25%   

                       

Hence Percentage Profit was 25%