The cost price of a camera is 90% of its selling price. The profit percentage is:
Answer & explanation
Correct answer: option 1
Let the selling price of the article = 100
then the cost price of the article = 90% of the selling price ( Given in the question)
So the SP : CP = 100 : 90
Profit % = ( 100 - 90 ) × \(\frac{100}{90}\) = $11\frac{1}{9}$%