If the profit made by a merchant onselling 45 m of cloth is equal to the selling price of 5m of cloth, then his profit percentage is :
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 12.5%
Profit = SP - CP
SP of 45m of cloth = CP of 45m of cloth + SP of 5m of cloth
SP of 40m of cloth = CP of 45m of cloth
SP/CP = 45/40
Profit = (SP - CP) ×100/CP
Profit = 5 × 100/40
Profit = 12.5%