If the cost price is 89% of selling price then what is the profit percentage.  Pick:  A) 8.35  B) 9.35  C) 10.35  D) 11.35  E) 12.35

Rationale: "selling price = rs 100 : then cost price = rs 89 : profit = rs 11 . profit = { ( 11 / 89 ) * 100 } % = 12.35 % answer is e ."
Answer: E