Question

A man bought 400 meters of cloth for Rs. 40000 and sold it at a rate of Rs. 200 per one and a half meter. What was his percentage profit or loss?

Answer 1

Answer:

99.07%

Step-by-step explanation:

If 400 meters are for rs. 40,000

then 1 meter would be for rs. 100.

He got Rs. 2,666.66 for 400 meters.

He had a loss of Rs. 37,333.34 or 99.07%

Answer 2

Answer:

the correct answer is 99.07%