If the ratio of cost price and selling price be 10:11, then the profit percentage is
10%
To determine the profit percentage, we start with the ratio of the cost price (CP) to the selling price (SP), which is given as 10:11. Let's assume the cost price is 10x and the selling price is 11x. The profit (P) is the difference between the selling price and the cost price: P = SP - CP = 11x - 10x = x. The profit percentage is calculated using the formula: Profit Percentage = (Profit / Cost Price) × 100%. Therefore, substituting the values, we get: Profit Percentage = (x / 10x) × 100% = (1/10) × 100% = 10%. Thus, the profit percentage is 10%.
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