A man bought 400 meters of cloth for rs. 40,000 and sold it at a rate of rs. 200 per one and a half meter. What was his percentage profit or loss?
Answers
Answered by
89
Answer:
The man got a profit of 33.33%
Step-by-step explanation:
Cost price of 400 m of cloth = Rs. 40000
Selling price of 1.5m of cloth = Rs. 200
Selling price of 400 m of cloth = (200/1.5) * 400 =Rs. 53,333.33
Here Selling price is greater than cost price, therefore profit.
%Profit = [(SP-CP)/CP]*100
=[(53333.33-40000)/40000] * 100
= 33.33 %
Hence he got a profit of 33.33%.
Answered by
2
Answer:
400 meters =40,000
1metre= 100
then cost price of 1.5m =150m( as half meter is equal to 50 rupees)
sp of 1.5m=200
profit=(200-150)/150*100=33.33
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