Question

18. A man bought 400m of cloth at Rs.40,000 and sold it at the rate of Rs 200 per one and a half meter. What was his percentage profit or loss.

Answer 1

Man bought 400m at RS 40,000

sold at 200 per 1/2 meter

so,

1m= RS 400

400m=cost of 1 meter x length

         =400x400=RS 1,60,000

he gets profit of

1,60,000-40,000=1,20,000

profit%= (profit / cp) x 100

          =(1,20,000/40,000)x 100

          =3x100

          =300