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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 % =Â $$\frac{SP-CP}{CP} \times 100$$
= $$\frac{11x-10x}{10x} \times 100$$
= $$\frac{100}{10}=10\%$$
=> Ans - (B)
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