Question

a shopkeeper bought 15 tables at the rate of Rs. 500 each and 20 chairs at the rate of Rs. 300 each.he spent Rs.40 on transportation. he should sold the tables and chairs at a flate rate of rs. 380 each. what is the gain or loss​

Answer 1

Explanation:

Solution:

Calculating cost price:-

It is given that, cost price of each table = Rs. 500

Number of tables bought = 15

So, total money spent in buying tables = Rs. (15 * 500) = Rs. 7500

And, cost price of each chair = Rs. 300

Number of chairs bought = 20

So, total money spent in buying chairs = Rs. (20 * 300) = Rs. 6000

Money spent on transportation = Rs. 40

Hence, total cost price = (Total most spent in buying tables) + (Total money spent in buying chairs) + (Money spent in transportation)

=> Total CP = Rs. (7500 + 6000 + 40)

=> Total CP = Rs. 13540

Calculating selling price:-

It is given that, while selling, the SP of both the tables and chairs was Rs. 380 each.

So, total number of (tables + chairs) = 15 + 20 = 35

Selling price of each table/chair = Rs. 380

Total SP = Rs. (35 * 380)

=> Total SP = Rs. 13300

Calculating gain or loss:-

As CP > SP, the shopkeeper has suffered loss.

Loss = CP - SP

=> loss = Rs. (13540 - 13300)

=> Loss = Rs. 240 Ans.