Question

In a furniture 24 tables were bought at the rate of $450 per table. The shopkeeper sold 16 of them at the rate of $600 per table and the remaining at the rate $400 per table. Find the gain or loss percent.

Answer 1

Total Cp = 24×450 = 10800
Total Sp = (16×600)+(8×400)= 9600+3200 = 12800

profit = 2000

%age profit = 2000*100/10800= 18.51 %

Answer 2

Answer:

Gain of 12.5 %

Step-by-step explanation:

Rate of chairs = 400 per chair

total chairs bought = 24

Cost Price of chairs = 24 X 400

= Rs. 9,600

Selling Price of Chairs = Rs. 10,800

Since, SP > CP

Therefore, its a Profit/Gain of = SP - CP

= Rs. (10800 - 9600)

= Rs. 1200

Now, Profit % = (Profit÷CP) X 100

= (1200÷9600) X 100

= 0.125 X 100

= 12.5 %