A merchant sells 120 metres of cloth and gains the selling price of 27 metres. Find the gain percentage (rounded off to the nearest integer).
Given:
Cloth sold = 120 metres
Profit = Selling price of 27 metres
Formula Used:
Gain % =
Solution:
Profit = Selling price of 27 metres
Cost price of 120 metres = Selling price of 120 metres - Profit
Cost price = Selling price of 120 metres - Selling price of 27 metres
Cost price = Selling price of (120 - 27) metres
Cost price = Selling price of 93 metres
Gain percentage = × 100
Gain percentage =× 100
Gain percentage ≈ 29%
English
100 Questions
100 Marks
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