Arithmetic Aptitudes › Profit and Loss › Question #4399
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QIf the ratio of cost price and selling price of an article be 10: 11, the percentage of profit is

ID: #4399 Profit and Loss 344 views
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#4399Q ID
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Profit and LossTopic
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  • A 8 ✔ ✖
  • B 10 ✔ ✖
  • C 11 ✔ ✖
  • D 15 ✔ ✖
Correct Answer

Explanation

To find the percentage of profit, we can use the following formula:

Profit percentage = (Profit / Cost price) * 100

We can express the ratio of the cost price to the selling price as a fraction. Since the ratio is 10:11, the fraction representing the ratio is 10/11.

We can then use this fraction to find the profit and the cost price. The profit is the difference between the selling price and the cost price, so:

C.P = 10x

S.P = 11x

Profit = S.P - C.P

Profit = 11x - 10x = x

Profit percentage = ( x /10x )*100

Profit percentage = 10%

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