Question

Ankit on selling 33m cloth obtains a profit equal of the spelling price of 11m of the same cloth. Find the profit percentage

Answer 1

= (SP of 33m) - (CP of 33m) = Gain = SP of 11m

= SP of 22m = CP of 33m

= Let CP of each metre be Re.1

= Then, CP of 22m = Rs.22

= SP of 22m = Rs.33.

= Profit = 33−22 = 11Rs.

= Profit% = 11/22×100 = 50%

Therefore, the profit percentage = 50%