Question

Change 1.234 to a percent

Answer 1

1.234 / 100 = 0.01234

Therefore;

0.01234 x purchase price = profit

same as

purchase price / 1.01234 = profit

formula Cost or initial Price x ( % / 100 )

and show % as a whole number ie ) 1.234 / 100 = 0.01234

= cip x 1.01234 = profit

When we divide by 100 the 1 moves two spaces to the right.

when we have to find initial price from given sale price

we deduct given percentage from 100% and use that to multiply with instead omitting the 1 if its depreciating or adding the 1 if its original price ticket.