Question

Arvind a cloth merchant on selling 33 M of cloth obtain a profit equal to the SP of 11m of same cloth find his profit percent

Answer 1

Let us assume the selling price = Rs1/meter

The man sold for 33m hence, for Rs 33

He gained money equal to the dollar value of 11m, hence Rs 11.

Since, profit = Selling price - cost price, hence, cost = selling price - profit = Rs (33-11) = Rs 22

profit % = Profit/cost *100 = 11/22 * 100 = 50%