PERCENTAGES B16

A man got a profit of 4000/= after selling an item for 20,000/=. Find the percentage profit.

Solution

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

                         B.P

%’ge profit = 4000   X  100   

                        20,000

%’ge profit = 20%   

                       

Hence Percentage Profit was 20%