Question

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

Answer 1

Answer:

10%

Step-by-step explanation:

kindly see the attachment for explanation.

Answer 2

Answer:

10%

Step-by-step explanation:

Given:

Ratio of cost price and sell price = 10:11

To find:

profit percent

Solution:

let, the cost price (c.p) be 10x Rs.

Therefore the sell price (s.p) = 11x Rs.

[ here x is constant]

So,

Profit = s.p - c.p

= (11x - 10x) Rs. = x Rs.

We know that ,

$profit \: \: percent = \frac{profit}{cost \: \: price} \: \: \: \times 100 \: \: \: \%\\ \\ \frac{x}{10x} \times 100 \: \: \%\\ \\ \frac{100}{10} \: \: \% \\ \\ 10 \: \: \: \%$

Hence,

The required profit percentage is 10 %.