talaangoshtari wrote:A cloth merchant sells cloth at cost price but while selling he uses an 80 cm scale instead of a meter scale. What is his profit percentage?
A. 20%
B. 25%
C. 30%
D. 35%
E. 40%
Let the cost price per cm = $1.
Cost price of 80cm = 80*1 = $80.
Since 80cm are sold for the cost price of 100cm, the selling price = 100*1 = $100.
Profit/Cost = (100-80)/80 = 20/80 = 1/4 = 25%.
The correct answer is
B.
What is the source of this problem?
The GMAT does not use the following phrases:
cost price,
80cm scale,
meter scale.
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