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QA – Placement Quizzes | Profit and Loss | Question 5

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After selling 33 meters of a cloth, a shopkeeper makes a gain equal to the selling price of 11 meters of the cloth. What is the percentage of his gain?
(A) 50%
(B) 45%
(C) 60%
(D) 55%

Answer: (A)

Explanation: Here, (SP of 33m)-(CP of 33m) = Gain = SP of 11m.
This means, CP of 33m = (SP of 33m)-(SP of 11m) = SP of 22m.
Let the CP of each meter be Re 1. Then,
CP of 33m = Rs 33.
SP of 11m = (SP of 22m)/2 = (CP of 33m)/2 = Rs 33/2.
Percentage of Gain = Gain/CP × 100%
= (SP of 11m)/(CP) × 100%
= (33/2)/(33) × 100%
= 50%.

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Last Updated : 28 Jun, 2021
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