PROFIT AND LOSS E1

 

A man got a profit of 2800/= 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% = 2800   X  100   

            B.P.

 

10% = 280,000   

               B.P.

 

 

B.P. x 10% = 280,000   x B.P.

                       B.P.

  

B.P. x 10 = 280,000   

 

        

B.P. x 10¹ =   280,000    [dividing by 10 both sides]

  ₁10                   10

 

B.P. = 28,000

                      

Hence Buying Price was 28,000/=

 

 

TRY THIS………………

 

A man got a profit of 2400/= after selling an item. Find the buying price if the percentage profit was 20%.