Question

a) In a furniture store , 24 tables were bought at the rate of Rs. 400 per table. The shopkeeper sold all the tables for Rs.10800. Find his gain % or loss %.
b) What sum of money lent out at 5% per annum produces Rs.300 as interest in 3 years ?​

Answer 1

Step-by-step explanation:

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%