Question

In a furniture shop, 24 tables were bought at the rate of ₹ 450 per table. The shopkeeper sold 16 of them at the rate of ₹ 600 per table and the remaining at the rate of 400 per table. Find her gain or loss percent.

Answer 1

As per the given information in question,

Cost Price (C.P.) of per table = ₹ 450

Number of tables = 24

So, cost price of 24 tables = 24 × 450 = ₹ 10800 

Since, 16 tables sold at the rate of ₹ 600.

∴ Selling price of 16 tables = 16 × 600 = ₹ 9600

∴ Remaining tables = 24 – 16 = 8

Since, 8 tables sold at the rate of ₹ 400.

Selling price (S.P.) for 8 tables = 8 × 400 = ₹ 3200

Total selling price = 9600 + 3200 = ₹ 12800

∴ Profit or gain = S.P. – C.P.

= 12800 – 10800

= ₹ 2000

Now, gain = `"Gain"/"Cost price" xx 100%`

= `2000/10800 xx 100%`

= `2000/108%`

= 18.51%

Hence, her gain is 18.51%.