Browse by Stream
QnA
Home
QnA
Go To Your Study Dashboard

Get Answers to all your Questions

header-bg qa
  • Home
  • School
  • If the ratio of cost price and selling price is 10:11 then the profit percent is

If the ratio of cost price and selling price is 10:11 then the profit percent is

Answers (1)

let, the cost price be 10x Rs.

Therefore, the sell price  = 11x Rs.

Profit = sell price - cost price

         = (11x - 10x) Rs.

         = x Rs.

We know that,

\begin{aligned} &\text {profit percent}=\frac{\text {profit}}{\text {cost price}} \times 100 \%\\ &\frac{x}{10 x} \times 100 \%\\ \\ &\frac{100}{10} \%\\ \\ &10 \% \end{aligned}

The required profit percentage is 10 %.

Posted by

lovekush

View full answer

Similar Questions

Latest Question