a shop keeper bought 15 Tables at the rate of rs 500 each and 20 chairs at the rate of rs 300. the transportation charge is 40₹ , he sold the tables and chairs at a flat rate of rs 380 each what is gain or loss, how?
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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%
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