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What should be the meaning of the sentence: "es hat mir sehr gut gefallen."
As per the translator, it means 'I liked it very well'
But i think it should mean 'it suits me very well'
Why am I wrong?
The translator is wrong, 'I liked it very well' is not even correct English. It should be "I liked it very much".
Since you don't say why you think "it suits me very well" would be a good translation, there's no way of telling why you are wrong.