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Question
The cost price of an article is 90% of its selling price. What is the profit or the loss as a percent ?
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Solution
Let S.P. of the article = Rs.100
∴ C.P. of the article =`90/100xx100`
= Rs.90
Gain = Rs.100 − Rs.90 = Rs.10
Gain%`="Gain"/"C.P."xx100`
`=10/90xx100=100/9%=11 1/9%`
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