Multiple choice

By selling 66 metres of cloth, a person gains the cost price of 22 metres. Find his gain percentage.

  1. 100/3%

  2. 200/3%

  3. 160/3%

  4. 130/3%
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A Correct answer
Explanation

Let the cost price of 1 meter be 1. Selling 66 meters means the cost price is 66. The gain is the cost price of 22 meters, which is 22. Gain percentage = (Gain / Cost Price) * 100 = (22 / 66) * 100 = 100/3%.

AI explanation

Let the cost price of one meter of cloth be 1 unit, making the total cost price for 66 meters equal to 66 units. The gain from selling 66 meters is the cost price of 22 meters, which is 22 units. Using the gain percentage formula of Gain divided by Cost Price multiplied by 100, we calculate 22 divided by 66 multiplied by 100, resulting in 100/3%.

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