Question

By selling a picture for $216,000 an antique dealer make a profit of $172,000. Find the cost price and the profit percentage​

Answer 1

Answer:

$\textsf {See below :-}$

Step-by-step explanation:

$\textsf {Finding cost price :}$

$\implies \textsf {Cost price = Sell Price - Profited Amount}$

$\implies \textsf {Cost price = 216,000 - 172,000}$

$\implies \textsf {Cost price = 44,000}$

$\textsf {Finding profit percentage :}$

$\implies \textsf {Profit percentage = }$ $\mathsf {\frac{Profit}{Cost} \times 100 }$

$\implies \textsf {Profit percentage = }$ $\mathsf {\frac{172,000}{44,000} \times 100}$

$\implies \textsf {Profit percentage = }$ $\mathsf {3.90..... \times 100}$

$\implies \textsf {Profit percentage = }$ $\textsf {390.9 percent}$

Answer 2

Answer: $44000, 390.9%

Step-by-Step Explanation:

Selling Price (S.P) = $216,000
Profit (P) = $172,000

Cost Price (C.P) = S.P - P
= 216000 - 172000
= 44000

Cost Price (C.P) = $44000

Profit Percentage (P%) = P/C.P * 100
= 172000/44000 * 100
= 3.909 * 100
= 390.9

Profit Percentage (P%) = 390.9%