Given:
Total selling price of 20 dining tables = Rs. 5,39,000
Gain = Cost price of 5 dining tables
Formula Used:
Selling price = Cost price + Gain
Gain = Number of items × Gain per item
Solution:
Let the cost price of each dining table be x
Total cost price of 20 tables = 20x
Gain on 20 tables = 5x
Selling price of 20 tables = Cost price of 20 tables + Gain
Thus,
5,39,000 = 20x + 5x
5,39,000 = 25x
x = = 21,560
Thus, the cost price of each dining table is Rs. 21,560
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