Question

if profit is 1/17 times the selling price what is the profit percent​

Answer 1

Answer:

If the selling price (S.P.) of an article is greater than the cost price (C.P.), the difference between the selling price and cost price is called profit. Thus, if S.P. > C.P., then

Profit=S.P.–C.P.S.P.=C.P.+ProfitC.P.=S.P.–Profit

Profit Percentage

The profit percent is the profit that would be obtained for a C.P. of Rs 100 i.e,

Profitpercent=(ProfitC.P.)×100

Loss

If the selling price (S.P.) of an article is less than the cost price (C.P), the difference between the cost price (C.P.) and the selling price (S.P.) is called loss. Thus, if S.P. < C.P., then

Loss=C.P.–S.P.C.P.=S.P.+LossS.P.=C.P.–Loss

Loss percentage

The loss percentage is the loss that would be made for a C.P. of Rs 100, that is

Losspercent=(LossC.P.)×100

Neutral Situation

If S.P. = C.P., then seller neither gain money or lose any.