A shop owner sells 50mtr of cloth and gains SP of 10 mtrs. Find the gain %? Pick one.
A) 25% B) 40% C) 50% D) 60% E) 70%
Here, selling price of 10 m cloth is obtained as profit.   Profit of 10 m cloth = (S.P. of 50 m cloth) – (C.P. of 50 m cloth)   Selling price of 40 m cloth = Selling Price of 50 m of cloth   Let cost of each metre be Rs. 100.   Therefore, cost price of 40 m cloth = Rs. 4000 and S.P. of 40 m cloth = Rs. Rs. 5000   Profit% = 10/40 × 100 = 25%   Profit of 25% was made by the merchant.   25%
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A shop owner sells 50mtr of cloth and gains SP of 10 mtrs. Find the gain %?