PERCENTAGES B4

A man sold an item at 7000/=. Find the profit made if the percentage profit was 4²/7% .

Solution

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

                          B.P

4²/7% =      P         X  100   

                   7000

7000  x 4²/7% = P x 100   

¹⁰⁰⁰7000  x  30 = P x 100

                           7₁

1000 x 30 = 100P

30,000 = 100P

30,000  = 100P

  100         100

        

P = 300

                      

Hence the profit was 300/=