Profit and loss

Quantitative Aptitude (MTS)

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By selling 33 metres of cloth, one gains the selling price of 11 metres. Find the gain percent

35%

40%

50%

55%

Explanation:

SP of 33m) - (CP of 33m)
= Gain = SP of 11m
∴ SP of 22m = CP of 33m
Let CP of each meter be Re 1. Then, CP of 22m
= Re 22.
Hence SP of 22m = Re 33.
∴ %Gain = 11/22 * 100 = 50%

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