Question

5. In a furniture shop, 24 tables were bought at the rate of 7150
shopkeeper sold 16 of them at the rate of 2 600 per table and the res
rate of R400 per table. Find his gain or loss percent.
​

Answer 1

Answer:

18.5%

Step-by-step explanation:

Cost price of 1 table =Rs.450

Hence, cost price of 24 tables =24×450=Rs.10800

Selling price of 16 tables =16×600=Rs.9600

Selling price remaining tables (8)

=8×400=Rs.3200

Selling price of 24 tables =9600+3200=12800

Here, S.P.>C.P.

Therefore, gain of =12800−10800=Rs.2000

Gain%=

10800

2000

×100=18.5