Question

A dealer buys 50 chairs for * 50000 but 20 of them are damaged. He decides to sell ead
damaged one at three-fourths the price of the normal one. What should this price be in
order that he may make a profit of 35% on the whole transaction?​

Answer 1

Step-by-step explanation:

Price of each chair = 50000/50 = 1000

Damaged chairs at 3/4 th price = 1000 x 0.75 = 750

20 damaged chairs = 750 x 20 = 15000

30 non damaged chairs = 30 x 1000 = 30000

Total selling price without profit = 15000 + 30000 = 45000

To make 35% profit = 45000 x 35 / 100 = 15750

= 45000 + 15750

= 60750

Total transaction price = Rs. 60,750