Question

A man bought $40$ tables at the rate of Rs. $50.00$ each. He kept $4$ tables for his use and sold the other at the rate of Rs. $65.00$ each. Find his gain or loss.

Answer 1

We are given,

a man bought 40 tables at the

rate of Rs. 50.00 each

So, cost price = $40\times 50.00$

$=2000.00Rs$

Now, he kept 4 tables for his use and sold the other i.e, (40-4) = 36 at

the rate of Rs. 65.00 each.

So, selling Price = 36 \times 65.00 $

$ = 2340.00 Rs.

Here $S.P-C.P.=(23400.00-2000.00)Rs$

$=340.00Rs>0$

He gain 340 Rs as S.P > C.P.