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Question

Mathematics Question on Profit and Loss

By selling 33 metres of cloth, a shopkeeper gains the price of 11 metres of cloth. His gain percent is

A

7%\%

B

50%\%

C

20%\%

D

22%\%

Answer

50%\%

Explanation

Solution

The correct option is (B): 50%\%
Explanation:

Let CP of 1 m of cloth = Rs. xx and SP = Rs. yy
Profit on selling 1 m cloth = Rs. (y - x)

According to ques,
⇒ 33(yy - xx) = 11yy
⇒ Зyy - 3xx =yy
2y=3x2y=3x

xy=23\frac{x}{y}=\frac{2}{3}

Let xx = 2 and yy = 3

\therefore Profit %\% = yxx×100\frac{y-x}{x}\times100
=322×100=\frac{3-2}{2}\times100
=50%=50\%