Question
Easy

If 11 metres cloth is purchased for 100 and is sold at the rate of 10 metres for₹ 110, then the profit percentage is :

1
12%
2
17%
3
19%
4
21%
Question Details
Time to Solve: 12
Exam: HTET
Level/Paper: Level 1
Chapter: Finance
Topic: Profit & Loss
Correct Answer
Option D
Explanation

To determine the profit percentage, we need to calculate the cost price and the selling price per metre of cloth and then find the profit percentage based on these values. 1. Cost Price Calculation: - Total cost for 11 metres of cloth = ₹100 - Cost price per metre = Total cost / Total metres = ₹100 / 11 ≈ ₹9.09 2. Selling Price Calculation: - Selling price for 10…Read More

If 11 metres cloth - HTET Level 1 | Clear Cutoff