A person bought 400 metres of cloth for 60000 rupees and sold it at the rate of 400 per metre find his profit or loss
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Answer:
A person bought =400metres
the cloth for=60000rupees
the rate of =400 per meter
loss
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The person earned a profit of Rs. 100,000.
• Given,
Length of a piece of cloth bought by a person = 400 m
Cost price of the cloth = Rs. 60000
• Selling price of per metre of cloth = Rs. 400
=> Selling price of 400 m cloth = Rs. 400 × 400 = Rs. 160,000
• Since the selling price of the cloth is greater than its cost price, the person earns a profit.
• Therefore, the profit earned by the person = Selling Price - Cost Price
=> Profit = Rs. 160,000 - Rs 60,000
Or, profit = Rs. 100,000
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