PROFIT C1

 

A man got a profit of 200/= after selling an item for 8000/=. Find the percentage profit.

 

Solution

 

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

                    B.P

 

%’ge profit = 200   X  100   

                   8000

 

 

 

%’ge profit = 2   X  100   

                         80

 

 

%’ge profit = 200   

                    80

 

 

%’ge profit = 2.5%   

                       

Hence Percentage Profit is 2.5%

 

TRY THIS………………….

 

A man got a profit of 300/= after selling an item for 24000/=. Find the percentage profit.