if the selling price of 16 pen is equal to cost price of 17 find profit or loss percent.
please give the answer its urgent
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Step-by-step explanation:
Let the CP of 1 pen be ₹ 1. CP of 16 pen = ₹ 16. then, SP of 16 pen = CP of 17 pen = 17 . SP = 17 pen and CP = 16 pen . profit = (SP - CP ) = 17 - 16 = 1 . profit percent = ( profit / CP × 100 ) =( 1/ 16 × 100 ) = 6.25 .
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