The ratio of the cost price and selling price of an article is 10 : 11. The gain per cent is:
Answer & explanation
Correct answer: option 1
Cost price : selling price = 10 : 11
Profit% = \(\frac{1 × 100}{10}\) = 10%
The ratio of the cost price and selling price of an article is 10 : 11. The gain per cent is:
Correct answer: option 1
Cost price : selling price = 10 : 11
Profit% = \(\frac{1 × 100}{10}\) = 10%