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The selling price of 10 pencils is equal to cost price of 11 pencils. What is profit percent?
- a)10%
- b)
- c)
- d)None of these
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
The selling price of 10 pencils is equal to cost price of 11 pencils. ...
SP of 10 pencils = CP of 11 pencils
Let CP of each pencil be rs.1
So, CP of 10 pencils = Rs.10
SP of 10 pencils = Rs.11
SP is greater than CP
So, there is a profit.
Profit=11-10=rs.1
Profit per cent = (Profit×100)/CP = (1×100/10) = 10%
Let CP of each pencil be rs.1
So, CP of 10 pencils = Rs.10
SP of 10 pencils = Rs.11
SP is greater than CP
So, there is a profit.
Profit=11-10=rs.1
Profit per cent = (Profit×100)/CP = (1×100/10) = 10%
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The selling price of 10 pencils is equal to cost price of 11 pencils. What is profit percent?a)10%b)c)d)None of theseCorrect answer is option 'A'. Can you explain this answer?
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