Profit and loss

Quantitative Aptitude (MTS)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

A shopkeeper gains the cost of 8 metres of thread by selling 40 metres of thread. Find his gain per cent.

19%

20%

22%

None of these

m = 48, n = 40

Gain % = m-n/n x 100

= 48 - 40/40 x 100

8/40 x 100 = 20%

Hence, option 2 is the correct answer.