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By selling 55 meters of cloth a merchant gains the cost price of 11 meters. Find his gain percent?
  • a)
    10%
  • b)
    15%
  • c)
    20%
  • d)
    30%
  • e)
    None of these
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
By selling 55 meters of cloth a merchant gains the cost price of 11 me...
55sp – 55cp = 11cp, 55sp = 66cp
let cost price is one rupee, then cp of 55 meter of cloth = 55 and sp of 55 meter of cloth = 66
so % profit = (11/55)*100 = 20%
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Community Answer
By selling 55 meters of cloth a merchant gains the cost price of 11 me...
55sp – 55cp = 11cp, 55sp = 66cp
let cost price is one rupee, then cp of 55 meter of cloth = 55 and sp of 55 meter of cloth = 66
so % profit = (11/55)*100 = 20%
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