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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% |
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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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