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If the profit made by a merchant onselli...

If the profit made by a merchant onselling 45 m of cloth is equal to the selling price of 5m of cloth, then his profit percentage is:

A

`9.09%`

B

`12.5%`

C

`11.11%`

D

`10%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Understand the given information We know that the profit made by the merchant on selling 45 meters of cloth is equal to the selling price of 5 meters of cloth. ### Step 2: Define variables Let: - \( SP \) = Selling Price of 1 meter of cloth - \( CP \) = Cost Price of 1 meter of cloth - Profit from selling 45 meters = Selling Price of 5 meters ### Step 3: Write the equations The selling price of 45 meters of cloth can be expressed as: \[ SP_{45} = 45 \times SP \] The selling price of 5 meters of cloth is: \[ SP_{5} = 5 \times SP \] According to the problem, the profit from selling 45 meters is equal to the selling price of 5 meters: \[ SP_{45} - CP_{45} = SP_{5} \] Where \( CP_{45} = 45 \times CP \). ### Step 4: Substitute and simplify Substituting the expressions for \( SP_{45} \) and \( SP_{5} \): \[ (45 \times SP) - (45 \times CP) = 5 \times SP \] ### Step 5: Rearrange the equation Rearranging gives: \[ 45SP - 45CP = 5SP \] \[ 45SP - 5SP = 45CP \] \[ 40SP = 45CP \] ### Step 6: Solve for SP in terms of CP Dividing both sides by 5: \[ 8SP = 9CP \] Thus, \[ SP = \frac{9}{8}CP \] ### Step 7: Calculate the profit The profit made on selling 1 meter of cloth is: \[ Profit = SP - CP = \frac{9}{8}CP - CP = \frac{9}{8}CP - \frac{8}{8}CP = \frac{1}{8}CP \] ### Step 8: Calculate the profit percentage Profit percentage is given by: \[ Profit\% = \left( \frac{Profit}{CP} \right) \times 100 \] Substituting the profit: \[ Profit\% = \left( \frac{\frac{1}{8}CP}{CP} \right) \times 100 = \frac{1}{8} \times 100 = 12.5\% \] ### Final Answer The profit percentage is **12.5%**. ---
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