Given:
Number of chairs sold = 153
Gain = Selling Price (S.P.) of 68 chairs
Formula Used:
Profit % =
Solution:
Let the S.P. of 1 chair = Rs. 1
Then:
Total S.P. = 153 × 1 = Rs.153
Gain = Rs. 68
C.P. = S.P. – Gain = Rs. 153 – 68 = Rs. 85
Profit % =
English
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The cost price of article A is ₹ 500 more than the cost price of article B. Article A is sold at a loss of 10% and B is sold at a profit of 20%. If there is a profit of ₹200 in the entire transaction, then the cost price of article A is :
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