An object is sold at a profit of 10%. What is the ratio of its cost price to sale
price?
Answers
Answered by
1
Answer:
sale price is 10 : 11.
To find :
Ratio of cost price to sale price.
Given :
An object is sold at a profit of 10%,
Assume that, cost price is 100.
profit is 10%
sale price = (100 + 10 %) × 100
= ( 100 + \frac{10}{100}
100
10
) × 100
= (\frac{100+10}{100}
100
100+10
) × 100
Sale price = 110.
Ratio of cost price to sale price is 100 : 110 (or) 10 : 11
Thus, the ratio is 10 : 11
Similar questions