PERCENTAGE PROFIT 1

A man got a profit of 5000/= 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% = 5000   X  100   

              B.P.

B.P. x 10 = 500,000   

        

B.P. x  10¹ =   500,000   

  ₁10                   10

B.P. = 50,000

   

                  

Hence Buying Price was 50,000/=

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A man got a profit of 4000/= after selling an item. Find the buying price if the percentage profit was 20%.