If the cost price is 90% of the selling price, what is the profit percent ?
A. 4%
B. 4.75%
C. 5%
D. $$11\frac{1}{9}$$%
Answer: Option D
Solution(By Examveda Team)
According to the question,$$\eqalign{ & {\text{C}}{\text{.P}}{\text{. = }}\frac{{90}}{{100}}{\text{S}}{\text{.P}}{\text{.}} \cr & \frac{{{\text{C}}{\text{.P}}{\text{.}}}}{{{\text{S}}{\text{.P}}{\text{.}}}}{\text{ = }}\left. {\frac{9}{{10}}} \right\rangle {\text{1 unit profit}} \cr & {\text{Profit }}\% = \frac{1}{9} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 11\frac{1}{9}\% {\text{ }} \cr} $$
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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