PERCENTAGES B6

A man sold an item at 2000/=. Find the profit made if the percentage profit was 35%.

Solution

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

                         B.P

35%  =      P         X  100   

               2000

2000  x 35 = P x 100   

70000 = 100P

70000 = 100P

  100       100

        

P = 700

                      

Hence the profit was 700/=