Question

Salman bought 40 chairs at 175 each. He sold one-fourth of them at a loss of 8%
At what price each must he sell the remaining chairs so as to gain 10% on the whole
deal.



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Answer 1

Step-by-step explanation:

Cost of 10 chairs= 10 × 175

                          = Rs. 1750

S.P=[C.P(100-loss%)]/100

      = 1750(100-8)/100

      =17.5 × 92

      = Rs.1610

loss=140

total C.P=40×175=7000

10% profit= Rs.700

C.P of 30 Chairs=30×175=5250

S.P of 30 chairs=5250+700+140

                         =5950+140

                         =6090

S.P of 1 Chair for getting 10% on whole day=6090/30=Rs.203

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