A shopkeeper bought 24 chairs at the rate of Rs.450 per chair .He sold 16 of them at the rate of Rs.600 per chair and the remaining at the rate of Rs.400 per chair .Find his gain or loss percent
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loss of rupees 2200 (12000-8800)
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Answer:
Step-by-step explanation:
total C.P= 24* 450= 10800
S.P of 16 chairs= 600*16= 9600
remaining= 24-16= 8
S.P of 8 chairs= 400 *8= 3200
total S.P= 9600+3200= 12800
since the S.P is greater than the C.P there is a profit
profit= 12800-10800 = 2000
profit percent= 2000/ 10800*100= 18.5%
thus, the gain% is 18.5%
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