If the cost price is 99% of selling price then what is the profit percentage.
Pick.
A) 1 B) 1.11 C) 1.01 D) 1.1 E) 1.21

Rationale: "selling price = rs 100 : then cost price = rs 99 : profit = rs 1 . profit = { ( 1 / 99 ) * 100 } % = 1.01 % answer is c ."
Answer: C