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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