Multiple Choice Questions on A cloth merchant sells cloth at a mark up of 10 for every metre of cloth What will be his profit in ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A cloth merchant sells cloth at a mark up of 10 for every metre of cloth What will be his profit in ...........

Quantitative Aptitude ( CCS) Profit and loss
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    A cloth merchant sells cloth at a mark-up of 10% for every metre of cloth. What will be his profit in summer if the metre scale expands 10%?

    10% loss

    Incorrect Answer

    11.11% profit

    Incorrect Answer

    10% profit

    Incorrect Answer

    No profit, no loss

    Correct Answer
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    Explanation:

    In this case there no profit and no loss becouse the profit percentage and  the metre scale expands percentage are same

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