Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

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?

Options:

₹70

₹80

₹89

₹79

Correct Answer:

₹79

Explanation:

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