WEEK FIVE

TOPIC: PROFIT AND LOSS PERCENT

Profit or loss per cent is expressed as a percentage of the cost price

EXAMPLE 1

An article bought for $3,ooo was sold for $3,300. Find the profit per cent

Solution

Cost price = $3,000

Selling price = $3,300

Profit = $3300 - $3,000 = $300

Profit % = Profit     x 100

                Cost price    1   

               = 300     x   100

                  3000          1

               = 300 x 1 = 300 = 10%

                   30 x 1       30

EXAMPLE 2

A book bought for $25,00 was sold for $22,000. What is the loss percentage?

Solution

Cost price =$25,000

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