A shopkeeper sold 8 chairs at a profit of 20% and 6 chairs at a profit of 10%. Had he sold all the 14 chairs at a profit of 12%, his profit would have been reduced by Rs. 442. What is the cost price of each chair? (cost of each chair is same)
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let the cost price be x
so we can write the equation as 8x*120/100 + 6x*110/100 - 14x*120/100 = 442 from the info given in the question
simplyfying futher we get 960x+660X-1568X = 442*100
=>> 52x =44200
=>> x= 850
Step-by-step explanation:
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