Question

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

Answer 1

Step-by-step explanation:

cost of 10 chairs =10×175

=Rs.1750

S.P =

100

[C.P(100−loss%)]

=

100

1750(100−8)

=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

=Rs

30

6090

=Rs. 203