Question
Download Solution PDFIf the ratio of cost price and selling price of an article be as 10 : 11, the percentage of profit is
This question was previously asked in
WEBCSC 05/2021 Common Official Paper (Morning Shift)
Answer (Detailed Solution Below)
Option 2 : 10
Free Tests
View all Free tests >
WEBCSC Assistant : General Knowledge and Current Affairs
0.2 K Users
20 Questions
20 Marks
25 Mins
Detailed Solution
Download Solution PDFGiven:
Ratio of cost price (CP) to selling price (SP) = 10 : 11
Formula Used:
Percentage of Profit =
Calculation:
Let the cost price (CP) be 10 units and the selling price (SP) be 11 units.
Profit = SP - CP
⇒ Profit = 11 - 10
⇒ Profit = 1 unit
Percentage of Profit =
⇒ Percentage of Profit = 10%
The percentage of profit is 10%.
Last updated on Feb 4, 2025
-> The WEBCSC Bank Assistant 2025 Notification is out, announcing 85 vacancies.
-> Candidates can apply online from 28th January to 27th February 2025.
-> The selection process includes CBT, WBT, and Interview.
-> This exam, conducted by the West Bengal Cooperative Service Commission, recruits candidates for banking positions in cooperative banks.