### Solution(By Apex Team)

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

## Related Questions on Profit and Loss

A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51

A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000

### A sells an article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction:

A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%