Profit and Loss - Arithmetic Aptitude Questions and Answers

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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?

Rs. 45

Rs. 40

Rs. 35

Rs. 50

None of these

Answer : Option D

Explanation :

SP per metre = 18000/400 = Rs. 45 Loss per metre = Rs. 5 CP per metre = 45 + 5 = Rs. 50

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