Profit and Loss Practice Test 9

Question : 15 of 40

Marks: +1, -0

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

Solution:

Ratio of cost price and selling price = 10 : 11
Let the cost price of the article = 10x
Selling price of the article = 11x
Percentage of profit

={SP-CP}/{CP}   ×100

={11-10}/10  ×100=10%

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