• A dealer buys 20 chairs at 200 each. He sells 10 of the chairs at 225 each and the remaining chairs at 150 each. Find the percentage of net gain or loss.
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Step-by-step explanation:
Buying price = 20×200 = 4000
Selling Price(i) = 10×225= 2250
Selling price(ii)= 10×150= 1500
Total SP = 1500+2250= 3750
Total Loss = 4000-3750= 250
Percentage of loss= 250×100/4000
= 6.25%
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