Multiple Choice Questions on A cloth merchant on selling 33 metres of cloth obtains a profit equal to the selling price of ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A cloth merchant on selling 33 metres of cloth obtains a profit equal to the selling price of ...........

Quantitative Aptitude ( CCS) Profit and loss
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     A cloth merchant on selling 33 metres of cloth obtains a profit equal to the selling price of 11 metres of cloth. The profit is 

    ?

    40%   

    Incorrect Answer

    22%

    Incorrect Answer

    50%

    Correct Answer

    11%

    Incorrect Answer
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    Explanation:

     (S.P. of 33 m) - (C.P. of 33 m) = Gain = S.P. of 11m.
    ∴ S.P. of 22 m = C.P. of 33 m.
    Let C.P. of each metre be Re. 1. then, C.P. of 22 m = Rs. 22, S.P. of 22 m = Rs. 33

    Profit% = 11/22 × 100% = 50%

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