A man bought 40 tables at the rate of rs 50.00 each. He kept 4 tables for his use and sold the others at the rate of rs 65.00 each.fibd his gain or loss
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Answer:
Profit, Rs.540
Step-by-step explanation:
Cost price of 1 table = Rs.50 (given)
The man bought 40 tables and sold 36 tables (given)
=> cost price of the 36 tables = Rs.50*36 = Rs 1800
Selling price of 1 table = Rs. 65 (given)
=> selling price of 36 tables = Rs.65*36 = Rs.2340
s.p > c.p => Profit
Hence, Profit = S.P - C.P = Rs. 2340 - Rs. 1800 = Rs.540
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