a merchant sells 40 m of cloth and earn a profit equal to the cost price of 6 m of cloth, find his profit percent?
Answers
IF 40M CLOTH SOLD HE GAIN 6M CLOTH CP
LET GET=X RUPEES
6M CLOTH CP =X
40M CLOTH WILL BE=40/6=6.6
Gain percentage =6.6/x into 100=66
finally he got 66m gain
Please mark me as brainlist
Therefore the profit percentage is 15%.
Given:
The length of the cloth sold = 40 m
Profit earned = cost price of 6 m of cloth.
To Find:
The profit percentage.
Solution:
The given question can be solved very easily as shown below.
Let the cost price of 1 m cloth be 'Rs. x'.
Let the selling price of 40 m cloth = SP
Then the cost price of 40 m cloth = Rs. 40x
Then the cost price of 6 m cloth = Rs. 6x = profit
⇒ Profit = SP of 40 m cloth - CP of 40 m cloth
⇒ 6x = SP - 40x ⇒ SP = 46x
Profit percentage = ( SP - CP )/ CP × 100 = ( 46x - 40x ) / 40x × 100= 6/40 × 100= 15%
Therefore the profit percentage is 15%.
#SPJ2