Question

A dealer buys 25 chairs at rupees 30 per chair he sells 15 of them at rupees 150 per chair and and remaining of them at rupees 120 find gain or loss percent

Answer 1

Answer:

The dealer made a massive profit of 360 %

Step-by-step explanation:

The dealer bought 25 chairs at price 30 rs per chair

The total amount spent by dealer = 25 x 30

                                                        = 750 rs

Now he sold 15 of them for price 150 rs per chair

So cost of 15 chairs = 150 x 15

                                = 2250 rs

And he sold the remaining i.e. 25 - 15 = 10 chairs for rs 120 per chair

So cost of remaining chairs = 10 x 120

                                              = 1200 rs

The total amount gained by the dealer by selling = 1200 + 2250

                                                                                  = 3450 rs

So the dealer made a profit of 3450 - 750 = 2700 rs

Profit % = profit made / amount spent x 100

             = 2700 / 750 x 100

             = 27000 / 75

             = 360 %

Therefore the dealer made massive profit of 360 %

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