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cost price of 1 chair = 450
cost price of 24 chairs = 450*24 = 10800
selling price of 1 chair = 600
selling price of 16 chairs = 9600
remaining chairs = 24-16 = 8
2nd selling price of 1 chair = 400
2nd selling price of 8 chairs = 400*8 = 3200
total sp = 9600 + 3200 = 12800
sp > cp
so profit = 12800 - 10800 = 2000
profit % = 2000/10800*100 = 18.5% approx.
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