Question

A shopkeeper purchased 15 tablesat Rs. 500 per table and 20 chairsat Rs. 300 per chair. His extraexpenses were Rs. 40. He sold eachof them at Rs. 380. Find his loss or
gain.
(a) loss Rs. 240 (b) Gain Rs. 240
(c) Loss Rs. 250 (d) Gain Rs. 250​

Answer 1

Answer:

a) loss Rs 240

Step-by-step explanation:

Cost price of each table = Rs. 500

No of tables purchased = 15

cost price of 15 tables = 15×500 = Rs 7500

Cost price of each chair = Rs 300

No of chairs purchased = 20

cost price of 20 chairs = 300 ×20 = Rs 6000

Selling price of each Table = Rs 380

Selling price of 15 tables = 380 ×15 = Rs5700

Selling price of each chair = Rs 380

Selling Price of 20 chairs = 380 ×20 = Rs 7600

Total Cost price of Tables and chairs =

7500 + 6000 = 13500

Extra expenses = Rs 40 (This is always added with the cost price)

Actual total cost price after adding the extra expenses = 13500 +40 = Rs 13540

Total Selling price = 5700 +7600 = Rs 13300

since total Cost price is more than total selling price so it's a loss...

Loss = Cp - Sp

= 13540 - 13300 = Rs 240

So the answer is option a) loss 240