PERCENTAGE PROFIT 3

A man got a profit of 200/= after selling an item for 5000/=. Find the percentage profit.

Solution

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

                       B.P

%’ge profit = 200   x  100   

                     5000

%’ge profit = 4%   

                       

Hence Percentage Profit is 4%

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A man got a profit of 500/= after selling an item for 4000/=. Find the percentage profit.