If the cost price is 86% of the selling price, then what is the profit percent?

If the cost price is 86% of the selling price, then what is the profit percent?

Answer/Solution

16%

Steps/Work

Let S.P. = $100
C.P. = $86
Profit = $14
Profit% = 14/86 * 100 = 25/6 = 16% approximately
Answer is C

Gain Calculator / Auto Solver

If the cost price is % of the selling price, then what is the profit percent?

Calculated Answer

16.279069767442

Step by Step Solution

In order to solve problem, you must evaluate (100 - n₀) / n₀ * 100.

n₀ =	86

(100 - n₀) / n₀ * 100
Evaluate 100 - n₀ = 14
14 / n₀ * 100
Evaluate 14 / n₀ = 0.16279069767442
0.16279069767442 * 100
Evaluate 0.16279069767442 * 100 = 16.279069767442
16.279069767442
The answer to the problem and the result of (100 - n₀) / n₀ * 100 is 16.279069767442