Mr. X while buying cloth uses a faulty meter tape which actually measures 110 cm and while selling cloth, he uses a faulty meter tape which actually measures 90 cm. If he buys the cloth at a discount of 5% on the marked price and sells it on a discount of 10% on the same marked price, then what is his percentage gain or loss?
15.8% profit
4.21% loss
5% loss
25% profit
None of these

• 15.8% profit
• 13 years agoHelpfull: Yes(2) No(2)
• say 1 m of cloth marked at 1 Re.
  say he bought 990 cm of cloth (LCM of 90 and 110)
  so he paid (990/110)*0.95 = 8.55 re
  while selling 990 cm he gets (990/90)*.90 = 9.9 Re
  his profit = 9.9-8.55 = 1.35
  hence profit % = 1.35*100/8.55 = 15.8%
• 13 years agoHelpfull: Yes(0) No(0)