Multiple choice

If the ratio of cost price to selling price is 10 : 11, then the profit percentage is

  1. 1%

  2. 10%

  3. 5%

  4. 8%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

CP:SP = 10:11. Profit = 11 - 10 = 1. Profit % = (1/10) * 100 = 10%.

AI explanation

The profit percentage formula is (((selling price minus cost price) divided by cost price) multiplied by 100). Assuming a cost price of 10 and a selling price of 11 based on the given ratio, the profit is 11 minus 10, which equals 1. Applying the formula gives (1 divided by 10) multiplied by 100, resulting in a profit percentage of 10 percent.

Keep practicing — related questions