Solution:
we are given that
A profit of $79 on an investment of $1700.
we have been asked to find
what’s the percentage of the profit for the investment.
Let the required percentage be x then we can write
[tex]1700\times\frac{x}{100}=79 \\ \\ 1700x=7900\\ \\ x=\frac{7900}{1700}\\ \\ x= 4.647 \approx 4.65[/tex]
Hence the required percentage is 4.65.