If the ratio of cost price and selling price of an article be 10 : 11, the percentage of profit is · ABC26GN2608

Subject: General Aptitude · Chapter: Profit and Loss · Exam: S.S.C. 2010

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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