Question

14. A cloth merchant bought 56 metres cloth at 1.70 per
metre. At what rate should he sell it so as to gain Rs.
16.25 on the whole 2​

Answer 1

Step-by-step explanation:

Correct option is

A

10%

The profit percentage remains same for one unit as well for all the units.

CP= Rs.280.

SP= Rs.308.

Profit =SP−CP=308–280= Rs.28.

Now you need to apply profit percentage formula for the same.

Profit percentage =100×

280

28

=

280

2800

=10%