A dealer buys 50 chairs for rupees 50000 but 20 of them are damaged he decided to sell each damaged chair at three fourth of the price of normal chair what should this price be of a normal chair and a damaged chair in order that he may make a profit of 35% on the whole transaction ?
please answer it
Answers
Answer:
cost price (cp) of 50 chair = ₹50000
cp of 1 chair = 50000/ 50
= ₹1000
selling price (sp) of 1 damage chair = 3/4 × 1000
= ₹750
no of damage chair = 20
sp of 20 damage chair = 20 × 750
= ₹15000
ATQ ( according to question)
profit% = 35%
therefore,
profit = gain / cp ×100
35 = gain / 50000 × 100
35 = gain / 500
35 × 500 = gain
gain = ₹17500
gain = sp - cp
17500 = sp - 50000
17500 + 50000 = sp
sp = ₹67500
sp of normal chair = total sp - sp of damage chair
= 67500 - 15000
= ₹52500
price of 1 normal chair is = 52500÷ 30
= ₹1750
Answer:
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