If the cost price is 90% of the selling price, then what is the profit percent?

If the cost price is 90% of the selling price, then what is the profit percent?

Answer/Solution

11%

Steps/Work

Let S.P. = $100
C.P. = $90
Profit = $10
Profit% = 10/90 * 100 = 25/6 = 11% approximately
Answer is B

Gain Calculator / Auto Solver

If the cost price is % of the selling price, then what is the profit percent?

Calculated Answer

11.111111111111

Step by Step Solution

In order to solve problem, you must evaluate (100 - n₀) / n₀ * 100.

n₀ =	90

(100 - n₀) / n₀ * 100
Evaluate 100 - n₀ = 10
10 / n₀ * 100
Evaluate 10 / n₀ = 0.11111111111111
0.11111111111111 * 100
Evaluate 0.11111111111111 * 100 = 11.111111111111
11.111111111111
The answer to the problem and the result of (100 - n₀) / n₀ * 100 is 11.111111111111