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
- 20%
- 25%
- 22%
- 23%
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%
