1.

If the ratio of cost price to selling price is 10: 11, then profit percent is:1. 1.1%2. 1%3. 10%4. 0.1%

Answer» Correct Answer - Option 3 : 10%

Given

The ratio of cost price to selling price is 10: 11

Formula used 

Profit% = {(CP - SP)/CP} × 100

Calculation

⇒ CP = 10 

⇒ SP = 11

⇒ Profit = 11 - 10

⇒ Rs.1

⇒ Profit% = {1/10} × 100

⇒ 10%



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