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: $44000, 390.9%

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%

Answer 2

`\textsf {See below :-}`

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 {(Profit)/(Cost) * 100 }`

`\implies \textsf {Profit percentage = }`
`\mathsf {(172,000)/(44,000) * 100}`

`\implies \textsf {Profit percentage = }`
`\mathsf {3.90..... * 100}`

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