If profit is left(frac{1}{11}right) of the se | vedclass

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(B) Let the selling price be $S.P$. Given that profit $P = \frac{1}{11} 	imes S.P$. We know that $P = S.P - C.P$,where $C.P$ is the cost price. Subst

Vedclass · Accepted Answer

$10 \%$

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(B) Let the selling price be $S.P$. Given that profit $P = \frac{1}{11} 	imes S.P$. We know that $P = S.P - C.P$,where $C.P$ is the cost price. Substituting the value of $P$: $S.P - C.P = \frac{1}{11} S.P$ $S.P - \frac{1}{11} S.P = C.P$ $\frac{10}{11} S.P = C.P$ $S.P = \frac{11}{10} C.P$ Now,profit percent is calculated on the cost price: $P \% = \left( \frac{P}{C.P} ight) 	imes 100$ $P = S.P - C.P = \frac{11}{10} C.P - C.P = \frac{1}{10} C.P$ $P \% = \left( \frac{\frac{1}{10} C.P}{C.P} ight) 	imes 100 = \frac{1}{10} 	imes 100 = 10 \%$.

If profit is $\left(\frac{1}{11}\right)$ of the selling price,what is the profit percent?

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