Question

A businessman makes a profit of 20% when he sells a carpet for Ksh. 36000. In a trade fair he sold one such carpet for Ksh. 33600. Calculate the percentage profit made on the sale of the carpet during the trade fair.

Answer 1

120% =Ksh 36,000
100% = 100 x 3600
                   120
Kshs 36,000
Profit = 76,000
% profit = 36000 x 100

30,000
= 12%