5 Views

Question : A shopkeeper sells 105 m of cloth for Rs. 12600 at a profit of Rs. 20 per metre of cloth. What is the cost price of 20 m cloth?

Option 1: Rs. 4000

Option 2: Rs. 2000

Option 3: Rs. 1000

Option 4: Rs. 3000


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: Rs. 2000


Solution : Given,
A shopkeeper sells 105 m of cloth for Rs. 12600.
Profit = Rs. 20 per metre of cloth
We know that cost price = Selling price – Profit
1 metre of cloth = Rs. 20 profit
⇒ Total profit in selling 105 m of cloth = Rs. 20 × 105 = Rs. 2100
⇒ Cost Price of 105 m cloth = Rs. 12600 – Rs. 2100 = Rs. 10,500
$\therefore$ Cost Price of 20 m cloth = $\frac{10500}{105}\times20$ = Rs. 2,000
Hence, the correct answer is Rs. 2000.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books