Question

satish sold a chair marked 3400 at 15% discount he had purchased the two chairs for 6000 and spent 290 on polishing them before selling find out his profit or loss percent.

Answer 1

Let,

MP = 100% = 3400, Discount = 15% , so SP = 85%

SP of a Chair = 3400*85/100 = 2890

Now, Cost price of 2 chairs = 6000 and spent 290 for polishing, so cost price of a chair is = (6000+290)/2 = 3145

He loss (3145-2890) = 255 on a chair.