a furniture dealers earns a profit of rs 500 by selling a chair. 1)He hold 20 tables and 20 chairs what would be his net profit or loss? 2)what is the number of table he must sell to have neither profit nor loss if the number of chair sold is 60?
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Cost price of 1 table =Rs.450
Hence, cost price of 24 tables =24×450=Rs.10800
Selling price of 16 tables =16×600=Rs.9600
Selling price remaining tables (8)
=8×400=Rs.3200
Selling price of 24 tables =9600+3200=12800
Here, S.P.>C.P.
Therefore, gain of =12800−10800=Rs.2000
Gain%=
10800
2000
×100=18.5%
this is the correct answer
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