Question

Khalid purchased 80 meters cloth for Rs 2240.He sold 50 meters cloth at the rate of Rs 30 per meter and 30 meters cloth at the rate of Rs 35 per meter. 1)Find that Khalid is profit or loss ?
2)find profit or loss percentage?

Answer 1

Khalid purchased 80 meters cloth for Rs 2240.He sold 50 meters cloth at the rate of Rs 30 per meter and 30 meters cloth at the rate of Rs 35 per meter.

(1) Khalid is in Profit

(2) Profit Percentage is 7.14%

Step-by-step explanation:

Khalid sold 50 m cloth at Rs. 30 per m

Therefore, total amount he got $=50\times 30=1500$ Rs.

He sold 30 m cloth at Rs. 30 per m

Therefore, the amount got on sellin 30 m cloth $=30\times 30=900$ Rs.

Total amount = 1500 + 900 = 2400 Rs.

Khalid had bought the clothes for Rs. 2240

Since selling price is greater than the cost price

Therefore, Khalid is in profit

Profit percentage

$=\frac{2400-2240}{2240}\times 100$

$=7.14\%$

Hope this answer is helpful.

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