Question : The ratio of the cost price and selling price of an article is 10 : 11. The gain percentage is:
Option 1: 10%
Option 2: 8%
Option 3: 5%
Option 4: 15%
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Correct Answer: 10%
Solution : Let the cost price and selling price be $10x$ and $11x$, respectively. Profit percentage = $\frac{\text{Selling Price – Cost Price}}{\text{Cost Price}}\times 100$ = $\frac{11x-10x}{10x}\times100$ = $\frac{x}{10x}\times100$ = 10% Hence, the correct answer is 10%.
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Question : If the cost price and selling price of an article are in the ratio 10 : 11, then the percentage of profit is:
Option 2: 9%
Option 3:
3%
Option 4: 1%
Question : If the ratio of the cost price to the selling price of an article is 4 : 5, the percentage of profit will be:
Option 1: 20
Option 2: 0.1
Option 3: 10
Option 4: 25
Question : In a medical transaction, 17 times the cost price is equal to 8 times the sum of the cost price and the selling price. What is the gain or loss percentage?
Option 1: Loss 15%
Option 2: Gain 17.5%
Option 3: Gain 12.5%
Option 4: Loss 30%
Question : If the cost of 20 books is equal to the selling price of 18 books, then the gain percentage is:
Option 1: $11 \frac{1}{9}$%
Option 2: $11 \frac{1}{3}$%
Option 3: $11 \frac{2}{9}$%
Option 4: $10 \frac{1}{9}$%
Question : If a 10% loss is made on the selling price, the percentage of loss on the cost price will be:
Option 1: $11\frac{1}{9}\%$
Option 2: $9\frac{1}{11}\%$
Option 3: $10\%$
Option 4: $11\%$
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