Question

    By selling 25 metres of cloth, a trader gains a profit

    equal to the cost price of 5 metres of the same cloth. What is the profit percentage?
    A 18% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 25% Correct Answer Incorrect Answer
    D 32% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the selling price of 1 metre cloth be Rs. ‘SP’ and the cost price of 1 metre cloth be Rs. ‘CP’.

    ATQ,

    25 × SP – 25 × CP = 5 × CP

    Or, 25 × SP = 30 × CP

    Or, SP/CP = 30/25 = 6/5

    Required profit percentage = {(6 – 5)/5} × 100 = 20%

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