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A cloth merchant on selling 33 metres of cloth obtains a profit equal to the selling price of 11 metres of cloth. The profit percent is
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- 40%
- 22%
- 50%
- 11%
Correct Option: C
As per the given in question, we have
S.P. of 33 metres of cloth = C.P. of 33 metres of cloth + S.P. of 11 metres of cloth
∴ S.P. of 22 metres of cloth = C.P. of 33 metres of cloth
| ⇒ | = | S.P. | 33 |
Gain = SP - CP = 33 - 22 = 11
| ∴ Gain percent = | × 100 | Cost price of 22 meter clothes |
| Gain percent = | × 100 = 50% | 22 |
We can find profit % with the help of given formula :
Here, p = 33, q = 11
| Profit % = | p - q |
| Profit % = | 33 - 11 |
| Profit % = | = 50% | 22 |
