PERCENTAGE PROFIT 1

A man got a profit of 800/= after selling an item. Find the buying price if the percentage profit was 10%.

Solution

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

                         B.P

10% = 800   x  100   

            B.P.

B.P. x 10% = 80,000   x B.P.

                       B.P.

B.P. x 10 = 80,000   

        

B.P. x 10¹ =   80,000   

  ₁10                   10

B.P. = 8,000

                      

Hence Buying Price was 8,000/=

TRY THIS………………

A man got a profit of 1000/= after selling an item. Find the buying price if the percentage profit was 20%.