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    A shopkeeper bought 20 chairs for ₹18,000. On selling them he had a gain equal to the selling price of four chairs. What is the selling price of each
    Question

    A shopkeeper bought 20 chairs for ₹18,000. On selling them he had a gain equal to the selling price of four chairs. What is the selling price of each chair ?

    A.

    ₹1,125

    B.

    ₹ 1,200

    C.

    ₹ 1,250

    D.

    ₹ 1,175

    Correct option is A

    Given:
    Cost price (CP) of 20 chairs = ₹18,000.
    Gain is equal to the selling price (SP) of 4 chairs. 
    Concept Used: 
    simple ratio and proportion;
    x : y :: a : b 
    xy=ab\implies \frac{x}{y} = \frac{a}{b} 
    Solution:

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