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7.Profit and Loss
hard
A cloth merchant says that due to slump in the market, he sells cloth at $10 \%$ loss, but he uses a inaccurate metre scale and actually gains $15 \%$. Find out the actual length of the scale. (in $cm$)
A
$72.4$
B
$71.34$
C
$78.25$
D
None of these
Solution
Here, $x=-10$ and $g=15$
Let, the inaccurate scale length $=y\, cm$
Using the formula, $\frac{100+g}{100+x}=\frac{\text { Correct measure }}{\text { Incorrect measure }}$
we get, $\frac{100+15}{100-10}=\frac{100}{y} \Rightarrow y=\frac{100 \times 90}{115}=78.25 cm$
Actual length of the scale is $78.25 cm$ instead of $1 m$.
Standard 13
Quantitative Aptitude