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By selling cloth at Rs. 9 per metre, a shopkeeper loses 10%. Find the rate at which it should be sold so as to earn profit of 15%
- a)Rs. 11.20
- b)Rs. 11.30
- c)Rs. 11.40
- d)Rs. 11.50
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
By selling cloth at Rs. 9 per metre, a shopkeeper loses 10%. Find the ...
Let the CP of 1 m cloth = Rs x
Loss% = 10%
SP of 1 m cloth = Rs 9
Therefore,
Loss = x – 9
10 = ((x – 9)/x × 100%
x – 9 = x/10
x = 10
now CP of 1 m cloth = Rs 10
let the selling price be Rs y
profit% = 15% = ((y – 10)/10 × 100%)
3 = 2(y – 10)
2y – 20 = 3
y = 23/2
y = 11.5
SP of 1 m cloth = Rs. 11.50
Loss% = 10%
SP of 1 m cloth = Rs 9
Therefore,
Loss = x – 9
10 = ((x – 9)/x × 100%
x – 9 = x/10
x = 10
now CP of 1 m cloth = Rs 10
let the selling price be Rs y
profit% = 15% = ((y – 10)/10 × 100%)
3 = 2(y – 10)
2y – 20 = 3
y = 23/2
y = 11.5
SP of 1 m cloth = Rs. 11.50
Most Upvoted Answer
By selling cloth at Rs. 9 per metre, a shopkeeper loses 10%. Find the ...
Given:
Selling price of cloth = Rs. 9
Loss = 10%
To find:
Selling price to earn a profit of 15%
Solution:
Let the cost price of the cloth be Rs. x.
Selling price is Rs. 9, so we can write:
Selling price = Cost price - Loss
9 = x - 0.1x
x = 10
The cost price of the cloth is Rs. 10.
To earn a profit of 15%, the selling price should be:
Selling price = Cost price + Profit
Profit% is 15%, so Profit = 0.15x
Selling price = 10 + 0.15(10)
Selling price = 11.50
Therefore, the cloth should be sold at Rs. 11.50 to earn a profit of 15%. Hence, option (D) is the correct answer.
Selling price of cloth = Rs. 9
Loss = 10%
To find:
Selling price to earn a profit of 15%
Solution:
Let the cost price of the cloth be Rs. x.
Selling price is Rs. 9, so we can write:
Selling price = Cost price - Loss
9 = x - 0.1x
x = 10
The cost price of the cloth is Rs. 10.
To earn a profit of 15%, the selling price should be:
Selling price = Cost price + Profit
Profit% is 15%, so Profit = 0.15x
Selling price = 10 + 0.15(10)
Selling price = 11.50
Therefore, the cloth should be sold at Rs. 11.50 to earn a profit of 15%. Hence, option (D) is the correct answer.
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By selling cloth at Rs. 9 per metre, a shopkeeper loses 10%. Find the rate at which it should be sold so as to earn profit of 15%a)Rs. 11.20b)Rs. 11.30c)Rs. 11.40d)Rs. 11.50Correct answer is option 'D'. Can you explain this answer?
Question Description
By selling cloth at Rs. 9 per metre, a shopkeeper loses 10%. Find the rate at which it should be sold so as to earn profit of 15%a)Rs. 11.20b)Rs. 11.30c)Rs. 11.40d)Rs. 11.50Correct answer is option 'D'. Can you explain this answer? for SSC 2024 is part of SSC preparation. The Question and answers have been prepared according to the SSC exam syllabus. Information about By selling cloth at Rs. 9 per metre, a shopkeeper loses 10%. Find the rate at which it should be sold so as to earn profit of 15%a)Rs. 11.20b)Rs. 11.30c)Rs. 11.40d)Rs. 11.50Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for SSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for By selling cloth at Rs. 9 per metre, a shopkeeper loses 10%. Find the rate at which it should be sold so as to earn profit of 15%a)Rs. 11.20b)Rs. 11.30c)Rs. 11.40d)Rs. 11.50Correct answer is option 'D'. Can you explain this answer?.
By selling cloth at Rs. 9 per metre, a shopkeeper loses 10%. Find the rate at which it should be sold so as to earn profit of 15%a)Rs. 11.20b)Rs. 11.30c)Rs. 11.40d)Rs. 11.50Correct answer is option 'D'. Can you explain this answer? for SSC 2024 is part of SSC preparation. The Question and answers have been prepared according to the SSC exam syllabus. Information about By selling cloth at Rs. 9 per metre, a shopkeeper loses 10%. Find the rate at which it should be sold so as to earn profit of 15%a)Rs. 11.20b)Rs. 11.30c)Rs. 11.40d)Rs. 11.50Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for SSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for By selling cloth at Rs. 9 per metre, a shopkeeper loses 10%. Find the rate at which it should be sold so as to earn profit of 15%a)Rs. 11.20b)Rs. 11.30c)Rs. 11.40d)Rs. 11.50Correct answer is option 'D'. Can you explain this answer?.
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By selling cloth at Rs. 9 per metre, a shopkeeper loses 10%. Find the rate at which it should be sold so as to earn profit of 15%a)Rs. 11.20b)Rs. 11.30c)Rs. 11.40d)Rs. 11.50Correct answer is option 'D'. Can you explain this answer?, a detailed solution for By selling cloth at Rs. 9 per metre, a shopkeeper loses 10%. Find the rate at which it should be sold so as to earn profit of 15%a)Rs. 11.20b)Rs. 11.30c)Rs. 11.40d)Rs. 11.50Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of By selling cloth at Rs. 9 per metre, a shopkeeper loses 10%. Find the rate at which it should be sold so as to earn profit of 15%a)Rs. 11.20b)Rs. 11.30c)Rs. 11.40d)Rs. 11.50Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
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