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6) A profit of 5% is made by selling cloth at63 per metre. What will be the loss or gainby selling it at 52.50 per metre?

Answer»

it will be not loss and not profit

it will not be a loss nor profit

Find the buying price i.e

100%=Buying price

100+5=105% i.e selling price105%=63 rs what about 100% to get the buying price100/105 *63 =60 i.e the Buying priceProfit/loss = Selling price -Buying priceSo ;52.50-60= -7.5When the answer is negative it mean it is a lossLos of rs 7.5

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12 RS per metre selling price



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