Question

Choose the correct answer from the alternatives given :
If the cost price and selling price of an article are in the ratio 10: 11 then the percentage of profit is

• A. $10\%$
• B. $9\%$
• C. $3\%$
• D. $1\%$

Answer 1

The correct option is A $10\%$

$\frac{SP}{CP}=\frac{11}{10}\Rightarrow Profit=\frac{1}{10}\times 100=10$