Question

a cloth seller purchased 80 m cloth for 3240 and sold it at the rate of 44 per m. find his profit or loss. also find the profit% or loss%.​

Answer 1

Step-by-step explanation:

Given :-

A cloth seller purchased 80 m cloth for Rs. 3240 and sold it at the rate of Rs. 44 per m.

To find :-

I) Find his profit or loss ?

II) Find the profit% or loss% ?

Solution :-

Given that

The cost price of 80m of cloth = Rs. 3240

The cost price of 1 m cloth = 3240/80

=> 324/8

=> 81/2

=> 40.5

The cost price of 1m cloth = Rs. 40.5

The selling price of 1 m cloth = Rs. 44

Selling Price > Cost Price

=> Gain occurs

Gain = Selling Price - Cost Price

=> Gain = 44 - 40.5

=> Gain = Rs. 3.5

We know that

Gain % = (Gain/Cost Price)×100

=> Gain % = (3.5/40.5)×100

=> Gain% = (35/405)×100

=> Gain % = (35×100)/405

=> Gain % = 3500/405

=> Gain% = 8.64 % (approximately)

Answer:-

I) Gain = Rs. 3.5

II) Gain % = 8.64%

Used formulae:-

→ Gain = Selling Price - Cost Price

→ Gain % = (Gain/Cost Price)×100