Question

The ratio of cost price and selling price is 100 : 101, the profit percentage is —

(a) 100% (b) 1% (c) 1 (d) 100​

Answer 1

Answer:

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Answer 2

SOLUTION

TO CHOOSE THE CORRECT OPTION

The ratio of cost price and selling price is 100 : 101, the profit percentage is

(a) 100%

(b) 1%

(c) 1

(d) 100

EVALUATION

Here it is given that the ratio of cost price and selling price is 100 : 101

Let cost price = 100x

Selling price = 101x

Profit amount

= 101x - 100x

= x

Hence the required profit percentage

$\displaystyle \sf{ = \frac{x}{100x} \times 100\%}$

$\displaystyle \sf{ = 1\%}$

FINAL ANSWER

Hence the correct option is (b) 1%

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