A trader sells 145 metres of cloths for Rs. 12,325 at the profit of Rs. 10 per metre of cloth. What is cost price of 1 metre of cloth ?
A trader sells 145 metres of cloths for Rs. 12,325 at the profit of Rs. 10 per metre of cloth. What is cost price of 1 metre of cloth ?
ARs. 65
BRs. 75
CRs. 95
DRs. 85
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Correct answer is: Rs. 75
Explanation:
Given:
The selling price of 145 metres cloth = Rs. 12,325
The profit = Rs 10 per metre of cloth
Formula:
Cost price = Selling price - Profit
Calculation:
1 metre of cloth = Rs. 10 profit
145 metre of cloth = Rs. 10 × 145 = 1450
Cost price = Selling price - Profit
Cost price of 145 metre = 12,325 - 1450 = Rs. 10,875
∴ Cost price of 1 metre cloth = 10875145=Rs. 75
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