Question

The cost price of an article is 90% of
selling price. What is the profit or the lost
percent?​

Answer 1

Answer:

There is a profit and profit percent is 11.11 %.

Step-by-step explanation:

Given that:

The cost price of an article is 90% of selling price.

To Find:

What is the profit or the loss percent?

Let us assume:

Selling price be ₹100.

Cost price = 90% of selling price

Cost price = 90% of ₹100

Cost price = 90/100 × ₹100

Cost price = ₹90

We know that:

When selling price is greater than the cost price then there is a profit.

✮ Profit = Selling price - Cost price ✮

Profit = ₹100 - ₹90

Profit = ₹10

And,

✮ Profit percent = (profit × 100)/Cost price % ✮

Profit percent = (10 × 100)/90 %

Profit percent = 1000/90 %

Profit percent = 100/9 %

Profit percent = 11 1⁄9 %

Profit percent = 11.11 % (approx.)

Hence,

There is a profit.

Profit percent is 11.11 %.

Answer 2

Answer:

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

Let S.P. of the article = Rs. 100∴ C.P. of the article = 90/100 × 100

Let S.P. of the article = Rs. 100∴ C.P. of the article = 90/100 × 100= Rs. 90

Let S.P. of the article = Rs. 100∴ C.P. of the article = 90/100 × 100= Rs. 90Gain = Rs. 100 – Rs.90 = Rs. 10

Let S.P. of the article = Rs. 100∴ C.P. of the article = 90/100 × 100= Rs. 90Gain = Rs. 100 – Rs.90 = Rs. 10Gain % = Gain/C.P. × 100

Let S.P. of the article = Rs. 100∴ C.P. of the article = 90/100 × 100= Rs. 90Gain = Rs. 100 – Rs.90 = Rs. 10Gain % = Gain/C.P. × 100= 10/90 × 100 = 100/9 % = 11. 1/9%

hope this helps u ✍️