A cloth merchant sold half of his cloth at 40% profit, half of remaining at 40% loss and rest was sold at the cost price. In the total transaction his gain or loss will be

Question

PYQPulse · Accepted Answer

10% gain

PYQPulse · Answer

Explanation: Let the cost price of the cloth = Rs. 100/100 m 40 Selling price of 50 m cloth = 50 + ( 100 × 50) = 50 + 20 = Rs. 70 40 Selling price of 25 m cloth = 25 − ( 100 × 25) = 25 − 10 = Rs. 15 Selling price of 25 m cloth = Rs. 25 => Total selling price of 100 m cloth = 70 + 15 + 25 = Rs. 110 (110−100) ∴ Profit % = 100 × 100 = 10%

A cloth merchant sold half of his cloth at 40% profit, half of remaining at 40% loss and rest was sold at the cost price. In the total transaction his gain or loss will be

Answer: C. 10% gain

Explanation

A cloth merchant sold half of his cloth at 40% profit, half of remaining at 40% loss and rest was sold at the cost price. In the total transaction his gain or loss will be

Answer: C. 10% gain

Explanation