Question

í) If the profit percentage is 10,the ratio of cost price and selling price is. a) 1:10 b)10:1 c)10:11 d) 11:10. What is the correct answer of this MCQ?​

Answer 1

Given;the profit percentage is 10

To Find; ratio of cost price and selling price

Solution; Let the cost price =x

Profit = 10 percent of x

Sale price = x+0.1x

= 1.1 x

Ratio of sale price to cost price is 10:11

Hence the correct option is c