Question 1112212
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<pre>
If a motorcycle is sold for Rs 50000 at the profit of 17%, it means that some-when earlier it was bought for 


{{{50000/(1+0.17)}}} = {{{50000/1.17}}} =  Rs 42735.04.


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


{{{47000/42735.04-1}}} = 1.0998 - 1 = 0.0998 = 9.98%.
</pre>

Solved.


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On percentage, see the lessons

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=http://www.algebra.com/algebra/homework/percentage/lessons/Percentage-problems.lesson>Percentage problems</A>

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=http://www.algebra.com/algebra/homework/Percentage-and-ratio-word-problems/Percentage-word-problems-%28Type-1-problems-Finding-the-Part%29.lesson>Percentage word problems (Type 1 problems, Finding the Part)</A>

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=http://www.algebra.com/algebra/homework/Percentage-and-ratio-word-problems/Percentage-word-problems-%28Type-2-problems-Finding-the-Rate%29.lesson>Percentage word problems (Type 2 problems, Finding the Rate)</A>

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=http://www.algebra.com/algebra/homework/Percentage-and-ratio-word-problems/Percentage-word-problems-%28Type-3-problems-Finding-the-Base%29.lesson>Percentage word problems (Type 3 problems, Finding the Base)</A>

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=http://www.algebra.com/algebra/homework/Percentage-and-ratio-word-problems/More-complicated-percentage-problems.lesson>More complicated percentage problems</A>

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=http://www.algebra.com/algebra/homework/Percentage-and-ratio-word-problems/Problems-on-percentage-that-lead-to-unexpected-results.lesson>Problems on percentage that lead to unexpected results</A>

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