Question

A furniture dealer buys office chairs at ₹ 500 each and sells them for ₹ 650 each. ₹ 150

per chair is the extra money earned to meet business expenses and for future growth.​

Answer 1

Answer:

I hope, Answer is correct ✔ ✔

Answer 2

Answer:

Given, For 12 months, rate =6%

∴ For 4 months, rate = 6/12×4=2%

⇒ So value of chair =(600+2%of600)

=Rs.612

Chair is sold for Rs.765

so, gain ={(SP−CP)/CC×100}%

={( 765−612/612)}%

=25%

Hence, the answer is 25%.