By selling 42 m of cloth, Vijay gains the selling price of 7 m of cloth. Find the profit percentage.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 20%
Given:
By selling 42 m of cloth, Vijay gains the selling price of 7 m of cloth.
Profit = Selling price - Cost price
Profit% = (Profit/cost price) × 100
Let the price of 1 m cloth be Rs 1.
Selling price = Rs 42
Profit = Rs 7
Cost price = 42 - 7 = Rs 35
Required profit % = (7/35) × 100 = 1/5 × 100 = 20%