Question

Ranjan purchased 120 tables at a price of Rs. 110 per table. He sold 30 tables at a profit of Rs. 12 per table and 75 tables at a profit of Rs. 14 per table. The remaining tables were sold at a loss of Rs. 7 per table. What is the average profit per table?

• A. Rs. 10.04
• B. Rs. 10.875
• C. Rs. 12.80
• D. Rs. 12.875

Answer 1

The correct option is B Rs. 10.875

C.P. of 120 tables=$120\times 110=13200Rs.$
S.P.of 30 tables=$(110+12)\times 30=3660Rs.$
S.P. of 75 tables=$(110+14)\times 75=9300Rs.$
S.P.of remaining tables=$(110-7)\times 15=1545Rs.$
Total S.P. of 120 tables=$3660+9300+1545=14505$
Profit=$14505-13200=1305Rs.$
Average profit per table =$\frac{1305}{120}=10.875Rs.$