Final answer:
The price of 1m of cloth is Rs. 90.
Step-by-step explanation:
To find the price of 1m of cloth, we need to calculate the total cost of selling 85m of cloth at a profit of Rs. 15/m.
Profit = Selling Price - Cost Price
Therefore, Cost Price = Selling Price - Profit = Rs. 8925 - (15 x 85) = Rs. 8925 - 1275 = Rs. 7650
Now, we can find the price of 1m of cloth:
Price of 1m of cloth = Cost Price ÷ Quantity = Rs. 7650 ÷ 85 = Rs. 90
Therefore, the price of 1m of cloth is Rs. 90.