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 :
Answer & explanation
Correct answer: option 3
The ratio of the cost price and selling price = 10 : 11
Profit = 11 - 10 = 1
Profit % = 1 × \(\frac{100}{10}\) = 10%