Question

the cost price of an article is 90% of its selling price find the profit percentage

Answer 1

Let the Selling Price be x

Find the Cost Price in term of x :

Cost Price = 90% of Selling Price

Cost Price = 0.9x

Find the profit:

Profit = Selling Price - Cost Price

Profit = x - 0.9x = 0.1x

Find the profit percentage:

Profit percentage = profit/cost price x 100

Profit percentage = (0.1x/0.9x ) x 100 = 11.1%

Answer: The item was sold with with a 11.1% profit