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If the ratio of cost price and selling price of an article be 10 : 11, the profit percentage is
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- 1%
- 10%
- 5%
- 8%
Correct Option: B
Ratio of cost price and selling price of an article = 10 : 11
Let C.P. of article = Rs. 10k
S.P. of article = Rs. 11k
Profit = Rs. (11k – 10k) = Rs. k
| ∴ Profit percent = | × 100 | C.P. of article |
| Profit percent = | × 100 = 10% | 10x |
