Question

by selling an article for 5500 a man gains 1/10 of its cp find his gain percentage​

Answer 1

Answer:

Selling price=5500

Profit is 1/10 of cost price

Let the cost price be x

x into 1/10 of x= 5500

x into 1.1=5500

x=5000

Profit =Selling price - Cost price

Profit = 5500-5000

Profit=500

Profit percent=Profit/Cost price into 100

Profit percent=500/5000 into 100

Profit percent=10%

Therefore his profit percent is 10%