PERCENTAGES B2

A man got a profit of 1000/= after selling an item for 2000/=. Find the percentage profit.

Solution

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

                         B.P

%’ge profit = 1000   X  100   

                        2000

%’ge profit = 50%   

                       

Hence Percentage Profit is 50%