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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.
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Solution
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%.
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