PERCENTAGE PROFIT 1

A man got a profit of 4000/= 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% = 4000   X  100   

             B.P.

B.P. x 10 = 400,000   

         

B.P. x  10¹ =   400,000   

  ₁10                  10

B.P. = 40,000

                      

Hence Buying Price was 40,000/=

TRY THIS………………….

A man got a profit of 6000/= after selling an item. Find the buying price if the percentage profit was 20%.