By selling 33m of cloth Ramesh gained the cost price of 11m. The gain percent is:
Answer;(4) None of these
Ramesh sells the cloth = 33m
Gained or profit = 11m
Cost of cloth = 33 – 11 = 22 m
Gain% = Gain x 100/C.P. Where C.P. is cost price
11 x 100/22 = 50% Ans.
Hence, the gain percent is 50%.