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If the ratio of cost price and selling price be 10...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
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If the ratio of cost price and selling price be 10 : 11 then find the profit percent ?

Answer & Solution
Correct Answer: Option B
$$\eqalign{ & \frac{{{\text{Cost price}}}}{{{\text{Selling price}}}} = \left. {\frac{{10}}{{11}}} \right)1 \cr & {\text{Profit }}\% = \frac{1}{{10}} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 10\% \cr} $$
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