Question

A dealer bought 18 chairs at 55 per chair. If he sold 12 chair at 65 per chair and the remaining chairs at 50 per chair, find his gain or loss percentage​

Answer 1

Answer:

profit 9 1/11

Step-by-step explanation:

CP of 18 chairs = 18*55=>990

SP of 12 chairs= 12*65=>780

SP of remaining chairs (18-12)=6

6*50=300

total sp 780+300=1080

Profit=SP-CP

        =1080-990

        =90

Profit %= Profit/CP*100

            =90/990*100

            =9  1/11