if the profit percantage is 10, the ratio of cost price and selling price is
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Answer:
10:11
Step-by-step explanation:
as we know
p% = profit / cp × 100
and profit = sp - cp
p% = sp - cp/cp × 100
= (sp/ cp -1)× 100
= 100sp/cp - 100 = p% = 10% ( given)
= 100 sp/cp = 110
= sp/cp = 110/100= 11/10
so cp /sp = 10:11
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