15. Salman bought 40 chairs at 175 each. He sold one-fourth of them at a loss of 8%.
At what price each mist sell the remaining chairs so as to gain 10% on the whole deal
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◙ Given ◙
Salman bought 40 chairs at 175 each. He sold one-fourth of them at a loss of 8%.
- Cost price of 1 chair = ₹ 175
- Cost price of 40 chairs = 175 × 40 = ₹ 7000
- Loss percentage (for selling 10 chairs) = 8 %
- Gain percentage = 10 %
◙ To Find ◙
The price at which Salman must sell the remaining chair so as to gain 10% on the whole deal.
◙ Given ◙
We know,
Putting the values :-
We also know,
For 10 chairs, he had a loss of 8 % for each chair.
Putting the values :-
→ Selling price for 10 chairs (at loss) = 161 × 10 = ₹ 1610
To gain 10 % by selling 40 - 10 = 30 chairs, the SP must be :-
Therefore, Salman must sell the remaining chairs with price ₹ 6090 to have a gain of of 10 %.
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