Question

A man purchased 40 chairs at the rate of ₹72 each. 5 chairs got damaged. The rest were sold at ₹ 84 each. What is his loss or profit percentage ?​

Answer 1

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Salman bought 40 chairs at Rs 175 each. He sold one-fourth of them at a loss of 8% at what price each must he sell the remaining chairs so as to gain 10% on the whole?

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Solution

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cost of 10 chairs =10×175

=Rs.1750

S.P =

100

[C.P(100−loss%)]

=

100

1750(100−8)

=17.5×92

=Rs. 1610

Loss =140

Total C.P = 40×175=7000

10% profit = Rs. 700

C.P of 30 chairs = 30×175=5250

S.P of 30 chairs =5250+700+140

=5950+140

=6090.

∴ S.P of 1 chair for getting 10 % on whole

=Rs

30

6090

=Rs. 203