Profit & Loss Mcqs

Q.  A shopkeeper sells 400 metres of cloth for Rs. 18000 at a loss of Rs.5 per metre. Find his cost price for one metre of cloth?

a. Rs. 45
b. Rs. 40
c. Rs. 35
d. Rs. 50
e. None of these


ANSWER: See Answer
 
SP per metre = 18000/400 = Rs. 45 Loss per metre = Rs. 5 CP per metre = 45 + 5 = Rs. 50
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