By selling 33 meters of cloth, a person gains an amount equal to the cost price of 11 meters. Find the profit percentage. MCQ with Answer and Explanation

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By selling 33 meters of cloth, a person gains an amount equal to the cost price of 11 meters. Find the profit percentage.

A. 50%

B. 25%

C. 33.33%

D. 30%

Answer: Option C

Solution (By JKExamLibrary)

Let the cost price of 1 meter be 1. The cost price of 33 meters is 33. The profit is equal to the cost price of 11 meters, which is 11. Profit Percentage = (Profit / Cost Price) * 100 = (11 / 33) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1 Report Error

A trader marks his goods 45% above cost and gives a discount of 20%. What is his profit percent?

A. 20%

B. 15%

C. 25%

D. 16%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 145, SP = 145*0.8 = 116, profit = 16%.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

A trader allows a discount of 25% on an article marked at Rs. 1200. What is the selling price?

A. Rs. 900

B. Rs. 850

C. Rs. 950

D. Rs. 1000

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Correct Answer: Option A

Explanation:
SP = 1200 * 0.75 = 900.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

A person buys a book for Rs. 300 and sells it for Rs. 240. What is the loss percentage?

A. 10%

B. 25%

C. 15%

D. 20%

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Correct Answer: Option D

Explanation:
Loss = 60, loss% = 60/300*100=20%.

This question belongs to: Maths Profit And Loss

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