Mr, Basu purchased $20$ plastic chairs at $₹ 225$ per chair. He sold $12$ chairs at $₹ 275$ per chair and the remaining chairs at $₹ 200$ per chair. Find his gain or loss percent.

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Solution

The total cost price of $20$ plastic chairs $= ₹ 225 \times 20 = ₹ 4500$
the selling price of $12$ chairs $= ₹ 275 \times 12 = ₹ 3200$
and the selling price of the remaining $8$ chairs $= ₹ 200 \times 8 = ₹ 1600$
the total selling price of $20$ plastic chairs $= ₹ 3200 + ₹ 1600 = ₹ 4800$
Since the selling price is more than the cost price, there is a profit for Mr. Basu.
Profit $=$ selling price $-$ cost price
$= ₹ 4800 - ₹ 4500 = ₹ 300$
Gain percent $= (\frac{g a i n}{C . P} \times 100) %$
$= (\frac{₹ 300}{₹ 4500} \times 100) % = 6.66 . . %$
Thus, Mr. Basu gains $₹ 300$ and at the gain percent $6.67 %$ .

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Mr, Basu purchased 20 plastic chairs at ₹225 per chair. He sold 12 chairs at ₹275per chair and the remaining chairs at ₹200 per chair. Find his gain or loss percent.

Mr, Basu purchased $20$ plastic chairs at $₹ 225$ per chair. He sold $12$ chairs at $₹ 275$ per chair and the remaining chairs at $₹ 200$ per chair. Find his gain or loss percent.