when the profit percent on selling a toy for 400 is 11 1/9 percent the cost price of the toy is ???? Explanation is needed Irrelevant answer will be reported Correct answer will be marked as brainliest
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Verified answer
[tex]Selling \: price = 400 \\ \\ profit = \frac{11}{9} \%[/tex]
[tex]profit \: \% = \frac{profit}{cost \: price} \\ \\ = \frac{ \frac{11}{9} }{cp} \times 100 \\ \\ \frac{11cp}{9} = 100 \\ \\ 11 \: cp = 900 \\ \\ cp = \frac{900}{11} \\ \\ cp = 81.81 \: \%[/tex]