A merchant sells 60 metre of cloth and gains selling price of 15 metre. Find the gain percent (rounded off to 1 decimal place).
Given:
Cloth sold = 60 metres
Gain = Selling price of 15 metres
Formula Used:
Gain % =
Solution:
Let the selling price per metre be ₹1
Then,
Selling Price of 60 m = ₹60
Gain = ₹15
Cost Price = ₹60 − ₹15 = ₹45
Gain % =
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