A shopkeeper sells 40 meters of cloth. His gain is equivalent to the selling…
2019
A shopkeeper sells 40 meters of cloth. His gain is equivalent to the selling price of 10 meters. Find the gain percent.
- A.
25%
- B.
20%
- C.
33.33%
- D.
50%
Attempted by 12 students.
Show answer & explanation
Correct answer: C
Let the selling price per metre be S. Selling 40 metres gives total SP = 40S. The gain equals the SP of 10 metres, so gain = 10S and cost price = 30S. Gain percent = 10S/30S x 100 = 33.33 percent.