Question

A man purchases 5 tables and 10 chairs for rs.20,000. he sells the tables at 15% profit and the chairs at 10% loss. his overall profit is rs.750. how much did he buy one table for

Answer 1

Answer:

2200

Explanation:

a)2200

b) 900

c)2000

d) 2600

Answer 2

Given:

The total amount that the man purchases 5 tables and 10 chairs for = Rs. 20,000

Profit percentage he makes from selling the tables = 15%

Loss percentage he faces from selling the chairs = 10%

The overall profit of the man = Rs. 750

To find:

How much did the man pay for buying one table.

Solution:

Let the cost of one table and one chair be x and y when the man bought them. Then,

x + y = 20,000

Moreover, he sells the tables at 15% profit and makes a loss of 10% by selling the chairs. then,

0.15x - 0.1y = 750

On solving both the equations, we get:

x = 11,000 and y = 9,000

Cost of one table will be= 11000/ 5 = Rs. 2,200

The man bought one table for Rs. 2200.