Question

The cost price of an article is 90% of itsselling price. What is the profit or the loss as
percent?​

Answer 1

Let S.P. of the article = Rs. 100

∴ C.P. of the article = 90/100 × 100

= Rs. 90

Gain = Rs. 100 – Rs.90 = Rs. 10

Gain % = Gain/C.P. × 100

= 10/90 × 100 = 100/9 % = 11. 1/9%

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