A shop owner sells 40mtr of cloth and gains SP of 10 mtrs. Find the gain %?
Pick:
A) 33.33%  B) 40%  C) 50%  D) 66.67%  E) 70%
Here, selling price of 10 m cloth is obtained as profit.   Profit of 10 m cloth = (S.P. of 40 m cloth) – (C.P. of 40 m cloth)   Selling price of 30 m cloth = Selling Price of 40 m of cloth   Let cost of each metre be Rs. 100.   Therefore, cost price of 30 m cloth = Rs. 3000 and S.P. of 30 m cloth = Rs. Rs. 4000   Profit% = 10/30 × 100 = 33.33%   Profit of 33.33% was made by the merchant.   33.33%
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A shop owner sells 40mtr of cloth and gains SP of 10 mtrs. Find the gain %?