If cost price of an item is 90% of its selling price, then what is the profit percentage ? Option 1: 111/9% Option 2: 10% Option 3: 11/9% Option 4: 9%

Answer: 111/9%. Solution: Let SP =100. Then CP =90. Profit =10. Profit% =10/90x 100=100/9=111/9%. Note: The chosen option 2 (10%) is incorrect; the correct answer is option 1 (111/9%).

Arithmetic

Profit & Loss

Easy

If cost price of an item is 90% of its selling price, then what is the profit percentage ?

$11\frac{1}{9}\%$

$10\%$

$1\frac{1}{9}\%$

$9\%$

✅ Correct Option: 1

Let SP $=100$ . Then CP $=90$ . Profit $=10$ . Profit% $=\frac{10}{90}\times 100=\frac{100}{9}=11\frac{1}{9}\%$ .

Note: The chosen option 2 (10%) is incorrect; the correct answer is option 1 ( $11\frac{1}{9}\%$ ).

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