PERCENTAGE PROFIT 2

A man sold an item at 7000/=. Find the profit made if the percentage profit was 2% .

Solution

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

                         B.P

2% =      P         X  100   

            7000

7000  x  2% = P x 100   

14000 = P x 100

                    

14,000 = 100P

14,000  = 100P

  100         100

        

P = 140

                      

Hence the profit was 140/=

TRY THIS…………..

A man sold an item at 12000/=. Find the profit made if the percentage profit was 4% .