Question

A man bought 400 meter of cloth for ₹60,000 and sold it at the rate of ₹400per metre. Find his profit or loss.

Answer 1

the person buys the cloth for rs 60000 but he sells the cloth for rupees 160000

the total profit or loss may be calculated by subtracting the amount of buying from the amount of selling

rs 100000 one lakh is the total profit

Answer 2

Answer:

His profit  is ₹1,00,000.

Step-by-step explanation:

It is given that a man bought 400 meter of cloth for ₹60,000 and sold it at the rate of ₹400 per meter.

The cost price of 400 meter of cloth is ₹60,000.

The selling price of each meter is ₹400. So, the selling price of 400 meter of cloth is

$400\times 400=1,60,000$

Profit = Selling price - Cost price

$Profit=1,60,000-60,000=1,00,000$

Therefore his profit  is ₹1,00,000.