Question

4. Gagan purchased 48 chairs at Rs 240 each. He sold one-fourth of them at a loss of 5%. At what price must
he sell each of the remaining chairs so as to have 10% profit on the whole deal..​

Answer 1

Answer:

S.P. of one chair = $\frac{198}{36}$ = Rs 5.5

Step-by-step explanation:

Number of chairs = 48

Price for 48 chairs = Rs 240

Therefore, price of 1 chair = 240 / 48 = Rs 5.

One-fourth of 48 = 12

Therefore, C.P. of 12 chairs = 12 x 5 = Rs 60

Loss % = 5%

S.P. of 12 chairs = Rs 60 - $\frac{5}{100\\}$ of Rs 60 = 60 - 3 = Rs 57

Number of chairs remaining = 48 - 12 = 36

C.P. of 36 chairs = 36 x Rs 5 = Rs 180

Profit % = 10%

Therefore, S.P. for 36 chairs = Rs 180 + $\frac{10}{100}$ of 180 = 180 + 18 = Rs 198

S.P. of one chair = $\frac{198}{36}$ = Rs 5.5

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