Question

In a furniture shop $24$ tables were bought at the rate of $Rs.450$. Shopkeeper sold $16$ tables of them at the rate of $Rs.600$ per table and the remaining at the rate of $Rs.400$. Find gain or loss percent .

Answer 1

CP of $1$ table $=Rs.450$

Total CP of the $24$ tables $=450\times 24=Rs.10,800$

Total SP of $16$ tables $=16\times 600=Rs.9,600$

Remaining tables $=24-16=8$

Total SP of $8$ tables $=8\times 400=Rs.3,200$

$\therefore$ Total SP of $24$ tables $=9600+3200=Rs.12,800$

Profit $=$ SP $-$ CP

$=12800-10800$

$=Rs.2000$

Profit $\%=\frac{\text{Profit}}{\text{CP}}\times 100\%$

$=\frac{2000}{10800}\times 100\%$

$=1.85\%$

Therefore, gain percent on the whole transaction is $1.85\%$.