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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?

Correct answer: D. Rs. 50

  • A. Rs. 45
  • B. Rs. 40
  • C. Rs. 35
  • D. Rs. 50
  • E. None of these

Explanation

The selling price per metre is Rs. 18000 ÷ 400 = Rs. 45. Since the loss is Rs. 5 per metre, the cost price per metre is Rs. 45 + Rs. 5 = Rs. 50. The likely wrong choice is Rs. 40, which subtracts the loss from the selling price instead of adding it to find the cost price.

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Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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