ABC26GN2608 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2010 · Marks: · Difficulty:

If the ratio of cost price and selling price of an article be 10 : 11, the percentage of profit is
(a)8
(b)10
(c)11
(d)15
Answer
Answer (as printed): B
Explanation
Let C.P. $=₹ 10 x$ and S.P. $=₹ 11 x$. Profit $=₹(11 x-10 x)=₹ x$. ∴ Profit $\%=\left(\frac{x}{10 x} \times 100\right) \%=10 \%$.

Explanation as extracted from the printed page; notation may be imperfect.

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