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Material worth 5,000 was required for making 10 chairs. Labour charges were ? 2,500.
What should be the S.P. of each chair to realise a profit of 33 1upon3?
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Answer:
material required for making 10 chairs=₹5000
material required for making one chair=₹500
labour charge for 10 chairs=₹2500
labour charge for 1 chair=₹250
total price of 1 chair=₹500+₹250=₹750
Final answer:
₹750 + 100/3% of ₹750
₹750 + ₹250
₹1000
hence the final answer is ₹1000
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