the cost price of an articles is 90% of its selling price what is the profit and loss as percent
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Given that
Cost Price of an article is 90 % of its selling price.
We have to find profit percentage.
Solution
Let the selling price of an article be ₹ x. Then,
Cost Price = ₹ (90 % of x)
= ₹(90/100 × x)
= ₹9x/10
Profit = Selling Price - Cost Price
= ₹(x - 9x/10)
= ₹(10x - 9x/10)
= ₹x/10
Profit % = Profit/Cost Price × 100
= x/10 ÷ 9x/10 × 100
= x/10 × 10/9x × 100
= 100/9 %
= 11 1/9 % or 11.11 %.
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