Question : By selling 42 m of cloth, Vijay gains the selling price of 7 m of cloth. Find the profit percentage.
Option 1: 15%
Option 2: 30%
Option 3: 20%
Option 4: 25%
Correct Answer: 20%
Solution :
Given:
Vijay sells 42 metres of cloth.
Let the selling price of 1 metre of cloth = Rs 1
So, the Selling price of 42 metres of cloth = Rs 42
Profit = Rs 7
So, cost price of 42 metres of cloth = Rs (42 – 7) = Rs 35
$\text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{CP}} \right) \times 100\%$
= $\frac{7}{35} × 100$
= $20\%$
Hence, the correct answer is 20%.
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