If cost price of an item is 90% of its s

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

If cost price of an item is 90% of its selling price, then what is the profit percentage?

Options:

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

10%

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

Correct Answer:

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

Explanation:

Cost Price (C) = 90% of Selling Price (S)

C = 0.9S

P% = 100* Profit/C

P% = 100* (S-C)/C = 100* (S-0.9S)/0.9S = 100* 0.1/0.9 = 100/9

The correct answer is Option (1) → $11\frac{1}{9}$%