By selling 33 meters of cloth, a shopkeeper gains the selling price of 11 meters. What is the gain percentage?

Topic: Profit and Loss
Subtopic: Gain in terms of SP

A25%

B33.33%

C50%

D66.67%

Explanation

Gain = SP of 11 m. SP of 33 m – CP of 33 m = SP of 11 m => CP of 33 m = SP of 22 m. Profit % = (Gain / CP) * 100 = (11 / 22) * 100 = 50%.

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