By selling 33 m of cloth, a draper loses an amount equal to the selling price of 3 m of
cloth. Find his gain or loss per cent.
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Answer:
100/12% or 8.33%
Step-by-step explanation:
Let the Selling Price for each metre cloth be Rs. a
Hence, in case of 33 m cloth,
- Selling Price = Rs. 33a
- Loss = Selling Price of 3 m cloth = Rs. 3a
Thus,
- Cost Price = Selling Price + Loss
= Rs. 33a + Rs. 3a
= Rs. 36a
Therefore,
Loss Percent = (loss/C.P.) x 100
= (3a/36a) x 100
= 100/12 or 8.33
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