Question

Kavya decided to buy new furniture. She sold one chair and a table, both

at the same price of Rs. 4000 each. Interestingly, she made neither a profit nor a loss from this

sale. If she sold the chair at profit of 25% then how much loss did she sell the table at?

Options:

(a) 16%
(b) 16.66%

(c) 16.33%

(d) 18.66%​

Answer 1

Answer:

16.66% approximately

Step-by-step explanation:

She made neither profit nor loss on the sale.. So, The buy price = 8000 totally

Selling price for chair = 4000 with profit of 25%

So, Selling price = 4000= 1.25* Buy price

Buy price = 4000/1.25 = 3200

So, Total buy price of Chair and table = 8000

3200+Buy price of table = 8000

buy price of table = 8000-3200 = 4800

So, Sold price = 4000

Loss = 4800 -4000 = 800

Loss percentage = 800/4800 = 16.66%