Question 54

If the ratio of cost price and selling price be 10:11, then the profit percentage is

Solution

Let cost price = $$Rs.$$ $$10x$$

=> Selling price = $$Rs.$$ $$11x$$

$$\therefore$$ Profit % = $$\frac{SP-CP}{CP} \times 100$$

= $$\frac{11x-10x}{10x} \times 100$$

= $$\frac{100}{10}=10\%$$

=> Ans - (B)

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