PERCENTAGES 1

A man got a profit of 7000/= 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% = 7000   X  100   

             B.P.

B.P. x 10 = 700,000   

         

B.P. x  10¹ =   700,000   

  ₁10                  10

B.P. = 70,000

                      

Hence Buying Price was 70,000/=

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A man got a profit of 8000/= after selling an item. Find the buying price if the percentage profit was 20%.