Question

John bought a chair for Rs 1200 from wholesale market. He had to spend Rs 150 to repair a fault in chair which he found out after the purchase. He sold the chair bearing 2% loss. What was the selling price?

Answer 1

Answer:

1323

Step-by-step explanation:

The repair cost is also included in the cost price, as it is spent by john in the process of making the chair.

So, C.P. = 1200 + 150 = 1350

loss = 1350 × 2/100

= 27

S.P. = C.P. - loss = 1350 - 27

= 1323