By selling 40 metres of cloth, a shopkeeper gains the selling price of 8 metres. What is his profit percent?
A. 20%
B. \(33\frac{1}{3}\)%
C. \(16\frac{2}{3}\)%
D. 25%
A. 20%
B. \(33\frac{1}{3}\)%
C. \(16\frac{2}{3}\)%
D. 25%
Best answer
Answer: D. 25%
Answer: (D) 25%
SP(40) − CP(40) = SP(8), so CP(40) = SP(32).
Shortcut: profit% = \(\frac{8}{40 - 8} \times 100 = 25\%\).
Trap: 8/40 = 20% puts the profit over the SP instead of the CP.
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