Question

If CP of an article is Rs 900, overhead expenses are Rs 200 and SP is Rs 1200, then profit percent is:

• A. $9\frac{1}{11}$%
• B. $9\frac{4}{11}$%
• C. $9\frac{3}{11}$%
• D. $9\frac{2}{11}$%

Answer 1

The correct option is A

$9\frac{1}{11}$%

Actual CP = CP + Overhead expenses = ₹ (900+200)=₹ 1100
Profit = SP - CP = ₹ 1200 - ₹ 1100 = ₹ 100
Profit percent = $\frac{100}{1100}\times 100=9\frac{1}{11}\%$