Question

A merchant sells 30 meters of cloth and gains selling price of 10 meters find the profit or loss percent​

Answer 1

The profit earned on 10 meter cloth is 41.6 %

Step-by-step explanation:

Given data:

• Quantity of cloth sold by the merchant = 30 m
• Quantity of gain in selling price = 10 m

Profit = 30 Selling Price -  30 Cost Price

But profit is equivalent to SP of 10 m of cloth.

30 S.P - 30 C.P = 10 S.P

30 S.P - 10 S.P = 30 C.P

20 S.P = 30 C.P

S.P/C.P = 30/20

Profit = Sold Price - Cost Price = 30 - 20 = 610

Profit percentage = Profit / C.P x 100

= 10/24 x 100 = 41.6 %

Thus the profit earned on 10 meter cloth is 41.6 %

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