Question

A man would gain 25% by selling a chair for Rs. 47.5 and would gain 15% by selling a table for Rs. 57.5. He sells the chair for Rs. 45; what is the least price for which he must sell the table to avoid any loss on the two together?
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Answer 1

answer is in attachment

Answer 2

Given :

A man would gain 25% by selling a chair for RS 47.5

He would gain 15% by selling a table for RS 57.5

He sells a chair for RS 45 .

To find :

The least price for which he must sell the table to avoid any loss on the two together.

Solution

Cost of chair = 47.5 / 1.25

= 38 RS

Cost of table = 57.5 / 1.15

= 50 RS

Cost of table and chair

= 38 + 50

= 88 RS

but he sells the chair for RS 45

88 - 45 =43 RS

Hence he must sell the the table for RS 43 to avoid any loss on the two together.