Four tables are purchased for 600 rs each .One of them is sold at a loss of 15%.At what price should the other three be sold so as to gain 15%on the whole transaction.
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Step-by-step explanation:Purchase price of 5 chairs= ₹4500.
20% profit on ₹900: selling price ₹5400 or ₹ 1080 per chair.
One chair sold at 15% profit of ₹135= ₹1035.
Two chairs sold at 10% loss of ₹(180)= ₹1800-₹180=₹1620.
To get an overall profit of 20% ₹900 on ₹4500 = a total revenue of ₹5400.
Revenue on 3 chairs now=₹1035+₹1620.=₹2655.
₹5400 - ₹2655 already received. = ₹2745.
₹2745÷2 remaining chairs =₹1372.50 at which each chair must be sold to get an overall 20% profit on ₹4500.
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