%'GE PROFIT 1

A man got a profit of 200/= after selling an item for 7000/=. Find the percentage profit.

Solution

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

                         B.P

%’ge profit = 200   X  100   

                        7000

%’ge profit = 2⁶/7%   

                       

Hence Percentage Profit is 2⁶/7%   

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A man got a profit of 400/= after selling an item for 8000/=. Find the percentage profit.