Question: A cloth merchant professes to sell his material at a loss of 8%. But he measures 84 cm for a metre. Find his actual gain or loss per cent.
Options:
A) $ 9\frac{5}{11} $ % gain
B) $ 9\frac{11}{21} $ % gain
C) % loss
D) % loss
Show Answer
Answer:
Correct Answer: B
Solution:
- Let CP of 1 m cloth = Rs. 100
SP of 84 cm cloth = 92
CP of 84 cm cloth = 84
$ \text{Gain=SP}-CP=92-84=8 $
Gain % x%