Anu purchased a car and then sold it. If

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Anu purchased a car and then sold it. If the ratio of the cost price and selling price is 10 : 11, then the profit percentage is :

Options:

15%

18%

10%

20%

Correct Answer:

10%

Explanation:

The ratio of the cost price and selling price = 10 : 11

Profit = 11 - 10 = 1

Profit % = 1 × \(\frac{100}{10}\) = 10%