Question

A shopkeeper bought 20 tables for ₹67620,100chairs for ₹65000,16 sofa sets for₹137600.how much money did he spend?

Answer 1

Answer:

Step-by-step explanation:

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 %