a crockery dealer order for 50 piece of China tea set for 18000 when the good arrived he found that 2 tea set was damaged. At what price per set should he sell remaining tea set to earn a total profit or 1200?
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Step-by-step explanation:
he bought 50 tea set for 18000
therefore 1 tea set costs 360
on arrival 2 tea set were damaged
50-2 = 48
now he has 48 tea sets that are in good condition
he is expecting a profit of 1200 ie 18000+1200=19200
so he should sell those 48 tea sets in a way to obtain the amount of 19200
19200/48 will give the cost at which a single tea set should be sold in order to obtain the profit of 1200
ie he should sell each piece at a cost of 400
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