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
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. 30%
C. 33.33%
D. 25%
Answer: Option C
Solution (By JKSSB Mock Tests)
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%.
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