SOLUTION: If a motor cycle is sold for Rs.50000 the profit is 17 percent,what would be profit percentage if sold for Rs.47000.

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: If a motor cycle is sold for Rs.50000 the profit is 17 percent,what would be profit percentage if sold for Rs.47000.      Log On


   

Question 1112212: If a motor cycle is sold for Rs.50000 the profit is 17 percent,what would be profit percentage if sold for Rs.47000.
Found 2 solutions by addingup, ikleyn:
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
50000 x 0.17 = Rs. profit
(Rs. profit/47000) x 100 = profit percent if sold for 47000

Answer by ikleyn(52781) About Me  (Show Source):
You can put this solution on YOUR website!
.
If a motorcycle is sold for Rs 50000 at the profit of 17%, it means that some-when earlier it was bought for 


50000%2F%281%2B0.17%29 = 50000%2F1.17 =  Rs 42735.04.


So, if it sold for Rs 47000,  the profit would be  


47000%2F42735.04-1 = 1.0998 - 1 = 0.0998 = 9.98%.

Solved.

-----------------
On percentage, see the lessons
    - Percentage problems
    - Percentage word problems (Type 1 problems, Finding the Part)
    - Percentage word problems (Type 2 problems, Finding the Rate)
    - Percentage word problems (Type 3 problems, Finding the Base)
    - More complicated percentage problems
    - Problems on percentage that lead to unexpected results
in this site.

They are written specially for you.

Read them and become an expert in this area.