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Question
A man bought 400 metre of cloth for ₹ 60,000 and sold it at the rate of ₹ 400 per metre. Find his profit or loss
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Solution
C.P. of 400 metres of cloth = ₹ 60,000
S.P. per metre = ₹ 400
S.P. of 400 metres of cloth = 400 × 400
= ₹ 1,60,000
Here S.P. > C.P.
Profit = C.P. – S.P.
= 1,60,000 – 60,000
= ₹ 1,00,000
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