a dealer bought 18 chairs rupees 250 each he sold 12 of them at rupees 275 each and the remaining chair at rupees 150 each find the gain or loss percent
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6
There is a loss and the loss is 6.66%.
Explanation:
The C.P. of 18 chairs = ₹(250×18)
= ₹ 4500
The S.P. of 12 chairs = ₹(275×12)
= ₹ 3300
After selling 12 chairs, the number of chairs left = (18-12)
= 6 chairs.
The S.P. of 6 chairs = ₹(150×6)
= ₹ 900
Hence, total S.P. = ₹ (3300+900)
= ₹ 4200
₹ 4500 > ₹ 4200
C.P. > S.P
Hence, there is loss.
Loss = ₹(4500-4200)
= ₹ 300
∴ Loss% = (300/4500)×100
= (300×100)/4500
= 100/15
= 20/3
= 6.66%
So, the loss is 6.66%.
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