Question

Bala sold an article for ₦6900and made a profit of 15%. Calculate his percentage profit if he had sold it for ₦6600.

Answer 1

Answer:

12% is the answer to ur question

Answer 2

The profit percentage is 10%.

Step-by-step explanation:

Let the cost of the article is ₦x.

Bala sold an article for ₦6900 and made a profit of 15%.

$x+\dfrac{15}{100}x=6900$

$x+0.15x=6900$

$1.15x=6900$

Divide both sides by 1.15.

$x=\dfrac{6900}{1.15}$

$x=6000$

The cost of article is ₦6000.

We need to find the profit percentage if he had sold it for ₦6600.

Profit formula:

$Profit=\dfrac{SP-CP}{CP}\times 100$

$Profit=\dfrac{6600-6000}{6000}\times 100$

$Profit=\dfrac{600}{6000}\times 100$

$Profit=\dfrac{1}{10}\times 100$

$Profit=10$

Therefore, the profit percentage is 10%.

#Learn more

Cost price 1200and selling price 1500 find profit or loss in percentage.

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