By selling 20 metres of cloth, a man gains the selling price of 4 metres of cloth. The gain percent is :
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 25 %
SP of 20m cloth = CP of 20m cloth + SP of 4m cloth
SP of 16m cloth = CP of 20m cloth
SP/CP = 20/16 = 5/4
Profit percent = (SP - CP) × 100/CP
⇒ 1 × 100/4 = 25%