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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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