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..
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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
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