Explanation
To find the Profit Percentage, we must distinguish between the margin on the Sale Price and the profit percentage based on the Cost Price.
1. Identify Given Values:
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Total Sale Price (S.P.) = Rs. 1,00,000
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Margin (Profit amount) = 10% of Sale Price
2. Calculate the Profit Amount:
Profit=10010×1,00,000=Rs. 10,000
3. Calculate the Cost Price (C.P.):
Since the Sale Price includes the Margin:
C.P.=1,00,000−10,000=Rs. 90,000
4. Calculate Profit Percentage:
Profit percentage is always calculated on the Cost Price (C.P.) unless stated otherwise.
Profit %=(C.P.Profit)×100
Profit %=(90,00010,000)×100
Correct Option: (c) 11.11%
