Question

In a furniture store , 24 tables were bought at the rate of Rs. 400 per table. The shopkeeper sold all the tables for Rs.10800. Find his gain % or loss %.​

Answer 1

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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 %

Answer 2

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 %