A cloth merchant sells cloth at a mark-up of 10% for
every metre of cloth. What will be his profit in summer
if the metre scale expands 10%?
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Given:
- The cloth merchant sells cloth at % for every metre of cloth.
- The metre scale expands %.
To find:
- The profit of cloth merchant in summer.
Step-by-step explanation:
- We know that the cloth merchant sells a cloth at % for every metre of cloth.
- Let us assume that the cloth merchant sells metre of cloth.
- The amount to rupees he could make is % in metre.
- Now let us calculate what is % in metre.
- % in can be calculated by,
- By solving the above equation we get how much the cloth merchant will earn if he sell metre of clothe,
- The cloth merchant will get .
- If the metre scale is expands by %, then instead of measuring metre he will measure,
%
- So the cloth merchant will measure metre instead of metre and will get only which is only % for every metre of cloth.
- Thus the cloth merchant profit is decreased by %.
Final answer:
- The cloth merchant profit will decrease by % in summer if the metre scale expands %
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