A shopkeeper bought 20 tables at the rate of $ 1375 each and 25 chairs at the of $ 960 each.He spent $ 870 on transportation.He sold the tables and chairs at a flat rate of $ 1270 each.find his gain or loss in the transaction.
Answers
Answered by
9
Rate of tables = $ 1375 each
Number of tables = 20
Hence,
Cost of total tables = $ 1375 * 20 = $ 27500
Rate of chairs = $ 960 each
Number of chairs = 25
Cost of total chairs = $ 960 * 25 = $ 24000
Cost price = $ 27500 + $ 24000 = $ 51500
Cost of transportation = $ 870
Total cost price ( CP ) = $ 51500 + $ 870 = $ 52370
Total number of objects = 20 + 25 = 45
Rate of selling all chairs and tables = $ 1270
Total selling price ( SP ) = $ 1270 * 45 = $ 57150
Here we find that, SP > CP
Hence, Profit is incurred.
Profit = SP - CP
P = $ 57150 - $ 52370
P = $ 4780
Profit = $ 4780
Now,
Profit percentage = ( P / CP ) * 100
P % = ( 4780 / 52370 ) * 100
P % = ( 478 / 5237 ) * 100
P % = 47800 / 5237
P % = 9.127 %
Profit percentage = 9.13 %
Number of tables = 20
Hence,
Cost of total tables = $ 1375 * 20 = $ 27500
Rate of chairs = $ 960 each
Number of chairs = 25
Cost of total chairs = $ 960 * 25 = $ 24000
Cost price = $ 27500 + $ 24000 = $ 51500
Cost of transportation = $ 870
Total cost price ( CP ) = $ 51500 + $ 870 = $ 52370
Total number of objects = 20 + 25 = 45
Rate of selling all chairs and tables = $ 1270
Total selling price ( SP ) = $ 1270 * 45 = $ 57150
Here we find that, SP > CP
Hence, Profit is incurred.
Profit = SP - CP
P = $ 57150 - $ 52370
P = $ 4780
Profit = $ 4780
Now,
Profit percentage = ( P / CP ) * 100
P % = ( 4780 / 52370 ) * 100
P % = ( 478 / 5237 ) * 100
P % = 47800 / 5237
P % = 9.127 %
Profit percentage = 9.13 %
Answered by
20
Here is your Solution
Rate of each tablet = $1375
Number of tablet of cost each $1375 =20 tablet.
Hence
Cost of total tablet =1375×20=$27500
Rate of each chair = $960
Number of chair of cost each $960 =25 tablet.
Hence
Cost of total chairs = 960×25=$24000.
Total Cost price = total Cost of tablet +total cost of chair
=>27500+24000 = $51500
Cost of transportation = $870
Total cost price= total Cost of chair +total cost of tablet +transportation
Total cost price=>27500+24000+870= $52370
Total number of objects (chair +tablet ) =45
Rate of selling price of chair and tablet =$1270 (given)
Hence,Total selling price = 1270×45=$57150
Our assumption is SP>CP
Hence,
Profit=SP-CP
Profit =57150-52370
Profit=$4780
Profit % = profit/CP×100
Profit %=4780/52370×100
Profit % = 478000/52370
Profit %=9.127%
Hence profit % = 9.13 (round off)
Hope it helps
Rate of each tablet = $1375
Number of tablet of cost each $1375 =20 tablet.
Hence
Cost of total tablet =1375×20=$27500
Rate of each chair = $960
Number of chair of cost each $960 =25 tablet.
Hence
Cost of total chairs = 960×25=$24000.
Total Cost price = total Cost of tablet +total cost of chair
=>27500+24000 = $51500
Cost of transportation = $870
Total cost price= total Cost of chair +total cost of tablet +transportation
Total cost price=>27500+24000+870= $52370
Total number of objects (chair +tablet ) =45
Rate of selling price of chair and tablet =$1270 (given)
Hence,Total selling price = 1270×45=$57150
Our assumption is SP>CP
Hence,
Profit=SP-CP
Profit =57150-52370
Profit=$4780
Profit % = profit/CP×100
Profit %=4780/52370×100
Profit % = 478000/52370
Profit %=9.127%
Hence profit % = 9.13 (round off)
Hope it helps
Similar questions