kkannan2
A cloth merchant professes to sell at a loss of 5%. However, the merchant falsifies the meter scale and gains 25%. What is the measure of the scale that he uses when measuring 1 meter of cloth?
A. 70
B. 72
C. 75
D. 76
E. 77
Hi
Bunuel and
av1901, I am having a hard time with the wording of this question. The way the question is worded, it asks us to solve for the measure of the scale that he uses when measuring 1 meter of cloth, yet the question seems to be solved by using simple profit and loss, giving us an answer in dollars. The way this question is worded does not make it obvious to understand that the final answer must be in dollars. Rather it seems that we are solving for a length (the measure of the scale used when measuring 1 meter of cloth). Please advise.
Official Solution:A cloth merchant professes to sell at a loss of 5%. However, the merchant falsifies the meter scale and gains 25%. What is the measure of the scale, in centimeters, that he uses when measuring 1 meter of cloth? (1 meter = 100 centimeters) A. 70
B. 72
C. 75
D. 76
E. 77
Let's assume that the cost of 1 centimeter of cloth is $1. Therefore, for a meter (100 centimeters), the base cost would be $100. However, the merchant claims to sell 1 meter of cloth at a 5% loss, which means he is selling it for $95 (95% of the original cost).
In reality, this $95 still incorporates a 25% gain for the merchant, which means \(1.25 * ($1 * \text{actual length in meters}) = $95\). This yields \(\text{actual length in meters} = 0.76\). So, the actual length of cloth the merchant claims to be 1 meter is, in fact, only 0.76 meters.
Answer: D
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