What is the Gain Percentage of Cloth Merchant?If

A cloth merchant decides to sell his material at the cost price but measures 80 cm for a meter. His gain % is

  1. 20%
  2. 25%
  3. 22%
  4. 23%
Monis Rasool Professor Asked on 25th May 2015 in Maths.
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  • 1 Answer(s)

    Answer: (a) 20%
    Explanation:-

    1 mitre = 100 cm
    His selling  price of 1 mitre = 80 cm
    Then, profit = 100 – 80 = 20 cm
    Profit% = 20 x 100/100 = 20%

    Hence, his gain = 20%

    Anurag Mishra Professor Answered on 25th May 2015.
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