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Aptitude · Q272

Profit And Loss

Competitive Exams · Aptitude · question 272

Q272

A cloth merchant on selling 33 meters of cloth obtains a profit equal to the selling price of 11 meters of cloth the profit is = ?

A.
40%
B.
22%
C.
50%
Answer
D.
11%

Answer: Option C

Solution

Answer: Option C
Solution:
Let the selling price of 1 meter cloth = Rs. 1
The Selling price of 33 meters cloth
= 1 × 33 = Rs. 33
Cost of 1 meter cloth = Rs. x
Cost price 33 meters cloth = x × 33 = Rs. 33x
According to the question,
Profit = Selling price - Cost price

Cost price of 1 meter cloth
Cost price of 33 meters cloth

Selling price of 33 meters cloth = Rs. 33
Profit = Selling price - Cost price
= 33 - 22 = 11