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. x and SP = Rs. y
Profit on selling 1 m cloth = Rs. (y - x)
According to ques,
⇒ 33(y - x) = 11y
⇒ Зy - 3x =y
⇒2y=3x
⇒yx=32
Let x = 2 and y = 3
∴ Profit % = xy−x×100
=23−2×100
=50%