Answer:
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.
