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A style cloth emporium the shopkeeper measures 20 less for every...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
?

A style cloth emporium the shopkeeper measures 20% less for every metre of cloth also he marks-up goods by 20%. What is the profit percentage?

Answer & Solution
Correct Answer: Option A
Let CP = Rs. 100, then SP will be 120.
He gives cloth worth Rs. 80 instead of Rs. 100.
Hence,
% Profit = $$ {\frac{{120 - 80}}{{80}}} \times 100 = 50\% $$
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