PERCENTAGE PROFIT 1

A man got a profit of 500/= after selling an item for 2500/=. Find the percentage profit.

Solution

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

                         B.P

%’ge profit = 500   X  100   

                       2500

%’ge profit = 20%   

                       

Hence Percentage Profit is 20%

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A man got a profit of 600/= after selling an item for 3000/=. Find the percentage profit.