Q.

If the cost price of 11 articles is equal to selling price of 10 articles, then profit/ loss percentage?

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a

10%  profit

b

10%  loss

c

11.9%  profit

d

11.11%  loss

answer is A.

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Detailed Solution

C.Pof11articals=S.Pof10articals

S.Pofoneartical=1110C.P

P%=PC.P×100

P%=S.PC.PC.P×100

P%=1110CPCPCP×100

P%=1CP10CP×100

Profit=10%

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