A person buys a book for 85 and sells it for 98.60. Find the profit percent.

Options

A. 6
B. 12
C. 16
D. none of these

Answer

To find the profit percent when a person buys a book for 85 and sells it for 98.60, we can follow these steps:

### Step 1: Identify the Cost Price (CP) and Selling Price (SP)
- The cost price (CP) of the book is given as 85.
- The selling price (SP) of the book is given as 98.60.

### Step 2: Calculate the Profit
- Profit can be calculated using the formula:
\[ \text{Profit} = \text{Selling Price} - \text{Cost Price} \]
- Substituting the values:
\[ \text{Profit} = 98.60 - 85 = 13.60 \]

### Step 3: Calculate the Profit Percentage
- The profit percentage can be calculated using the formula:
\[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{Cost Price}} \right) \times 100 \]
- Substituting the values:
\[ \text{Profit Percentage} = \left( \frac{13.60}{85} \right) \times 100 \]
- Performing the division:
\[ \frac{13.60}{85} \approx 0.160 \]
- Now, multiply by 100 to get the percentage:
\[ \text{Profit Percentage} \approx 0.160 \times 100 = 16\% \]

### Conclusion
- The profit percentage is 16%.