Question

If the selling price of 10 items is equal to the cost price of 11 items of the same types
find the profit or loss percentage.
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Answer 1

Answer:

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• selling price of 10 items is equal to the cost price of 11 items

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• Find proffit or loss

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Formula: Profit or Gain = S.P. – C.P.

• Loss: If the selling price is less than the cost price, the difference between them is the loss incurred

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ANSWER

Let CP of 1 article =Rs. 1

CP of 11 article =Rs. 11

CP of 10 article =Rs. 10

CP of 10 article =Rs. 10SP of 10 article =Rs. 11

Profit % =

$\frac{11 - 10}{10} \times 100 = 10\%$

Answer 2

Answer:

given that

selling price of 10 items = cost price of 11 items

Let Cost Price of 1 item=Rs. 1

Cost Price of 11 items =Rs. 11

Cost Price of 10 items =Rs. 10

Selling Price of 10 items =Rs. 11

Profit % = 11-10/10×100 = 10%

10% of profit was gained