Question

10. A furniture dealer earns a profit of 6500 by selling a table and incurs a loss of €150 by selling a chair,
(1) He sold 20 tables and 20 chairs what would be his net profit or loss?




(2) What is the number of tables he must sell to have neither profit nor loss, if the number of chairs sold
is 60?​

Answer 1

a) his net profit would be 7000(profit for table 10000 loss for chair 3000=150*20)

b) 60chair price is 60*150=900 which is equal to 500*18 therefore the no of table he sold is 18

Answer 2

Answer:

(1) He had a profit of $ 6500 if he sold 1 table . So , automatically if he's selling 20 tables he will have a profit of $ 1,30,000 ( 6500 × 20 = 1,30,000 ) .

He had a loss of $ 150 if he sold 1 chair . So , if he's selling 20 chairs he will have a loss of $ 3,000 ( 150 × 20 = 3,000 ).

(2) If the number of sold chairs are 60 , he must sell 2 tables so that he neither makes a profit nor a loss ( 60 × 150 = 9,000 , so if he sells 2 tables he can make up for the loss ) .