A merchant sells 60 metre of cloth and gains selling price of 15 metre. Find the gain percent (rounded off to 1 decimal place).

Correct option is D

Given:

Cloth sold = 60 metres

Gain = Selling price of 15 metres

Formula Used:

Gain % = $$\left( \frac{\text{Gain}}{\text{Cost Price}} \right) \times 100$$​​

Solution:

Let the selling price per metre be ₹1 

Then,

Selling Price of 60 m = ₹60

Gain = ₹15

Cost Price = ₹60 − ₹15 = ₹45

Gain % = $$\left( \frac{15}{45} \right) \times 100 = 33.3\%$$​​