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#1 2006-09-14 22:37:28

shivusuja
Member
Registered: 2006-09-14
Posts: 56

Profit And Loss

1) A merchant purchased 20 chairs at the rate of Rs. 400.00 per piece. He paid Rs 5.00 per piece as cartage. During Transit 5 chairs were damaged which he sold at the rate of Rs. 384.00 each. If the merchant wants to make 20% profit in the deal, at what price shoul he sell the remaining chairs ?

2) A merchant sold a table and a chair at Rs. 3000.00 and made 20% profit. If he sells the chair at the cost price and the table at Rs. 1800.00 , he would make 12% profit. Find the cost price of the table and that of the chair ?

Please explain the sums in details.

Regards

Suja

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#2 2006-09-14 23:43:24

MathsIsFun
Administrator
Registered: 2005-01-21
Posts: 7,711

Re: Profit And Loss

1. This depends on what "the deal" is that he wants to make 20% on. I will assume it is the original price plus cartage.

20 × (400+5) = 8100 (his original cost)

If he wants to make 20% on 8100 he needs to get 8100*(1+0.20) = 9720

But he has already made 5 * 384 = 1920, so he needs to make another 9720 - 1920 = 7800

So he needs to sell each of the 15 chairs for 7800/15 = 520 each


"The physicists defer only to mathematicians, and the mathematicians defer only to God ..."  - Leon M. Lederman

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#3 2006-09-15 02:50:50

shivusuja
Member
Registered: 2006-09-14
Posts: 56

Re: Profit And Loss

thank you very much.

i would request you to solve the second sum too.

regards

suja  smile and smile

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