7 A merchant purchased 15 tables at the rate of 50.00 each and 20 chairs at the rate of 40.00 each. He spent 40.00 as the transport charges. He sold the tables and chairs at a flat rate of 45.00 each. Find his gain or loss.
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Answer:
he had lose in tables and gain in chair
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Answer:
loss = 15 RS
Step-by-step explanation:
50.00 * 15 = 750 on table
40.00 * 20 = 800 on chairs
and 40.00 for transport
he spent in total 750 + 800 + 40 = 1590
He sold 15 table and 20 chairs for RS. 45 each = (15 + 20) * 45 =35 *45 = 1575
so he would in loss of RS. 1590 - 1575 = 15
loss of 15 RS
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