Question

Illustration 8
A merchant suffers a loss of 5% by selling a particular type of cloth at 4.75
per metre. At what price per metre should he sell that cloth so that he may gain a
profit of 5%?
Solution​

Answer 1

Step-by-step explanation:

Let the cost price =100 Rs.per meter

then selling price=90

If the selling price is 90 Rs then cost price=100

If the selling price is 9 Rs. then cost price=

90

100

×9=10 Rs.per meter.

For 15% gain

Let the cost price =100 Rs.

then Selling price=115 Rs.

If cost price is 100 Rs.then selling price=115 Rs.

If cost price is 10 Rs. then selling price=

100

115

×10=11.5 Rs.per meter.