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

Home » Aptitude » Profit and Loss » Question

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

1. 1.1%
2. 0.1%
3. 10%
4. 1%

Correct Option: C

Here, The ratio of cost price and selling price = 10 : 11
Let Cost price = Rs. 10k and Selling price = Rs. 11k
Gain = Selling price - Cost price = 11k - 10k = k

∴ Gain percent =	Gain	× 100
	Cost price

Gain percent =	k	× 100 = 10%
	10k