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Question
If the ratio of cost price and selling price of an article be 10 : 11, the percentage of profit is
Options
8
10
11
15
MCQ
Solution
10
Explanation:
Let C.P. ₹ 10x and S.P. = ₹ 11x.
Profit = ₹ (11x – 10x) = ₹ x.
∴ Profit % = `(x/(10x) xx 100)`% = 10%
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Profit and Loss (Entrance Exam)
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