Question

Mohan bought $20$ dining tables for Rs. $12000$ and sold them at a profit equal to the selling price of $4$ dining tables. The selling price of each dining table is

• A. Rs. $700$
• B. Rs. $750$
• C. Rs. $725$
• D. Rs. $775$

Answer 1

Answer: (B)

Rs. $750$

Profit $=$ (S.P. of $20$ tables) $-$ (C.P. of $20$ tables)
$\Rightarrow$ S.P. of $4$ tables $=$ S.P. of $20$ tables $-$ C.P. of $20$ tab1es
$\Rightarrow$ S.P. of $16$ tables $=$ C.P. of $20$ tables $=$ Rs. $12000$
$\Rightarrow$ S.P. of $1$ dining table $=$ Rs. $\frac{12000}{16}=$ Rs. $750$