A fabric seller sells 65 m of cloth for ₹5,850 at a profit of ₹11 per metre of cloth. What is the cost price of 1 m of cloth?
Answer & explanation
Correct answer: option 4
1 metre of cloth = Rs. 11 profit
65 metre of cloth = Rs. 11 × 65 = 715
Cost price = Selling price - Profit
Cost price of 65 metre = 5,850 - 715 = Rs. 5135
∴ Cost price of 1 metre cloth = \(\frac{5135}{65}\) = Rs. 79