Q14 of 35 Page 175

Afsarchacha made two wooden chair with same price and he put the market price for each chair as Rs. 1250. He made a profit of 15% by selling one chair at 8% discount. If he sold the second chair at Rs. 1120, then let us calculate his over-all percentage of profit.

Formula used.


Loss/profit percent = × 100%


If the market price of chair is Rs. 1250


By giving 8% discount


Selling price of chair comes to


1250 – ×1250 = 1250[1 - ] = 1250[]


= 1250×=Rs. 1150


When chair sold at Rs. 1150 profit of 15%is made


Then;


Let cost price of chair be X


Then selling price is


X+ = =


While selling price of each chair is Rs. 1150


=Rs. 1150


X= = Rs. 1000


Profit in 1st chair = 1150 – 1000 = 150


∴ Cost price of each chair is Rs. 1000


Profit in 2nd chair = 1120 – 1000 = 120


Overall profit = 150+120=270


Overall cost price = 1000+1000 = 2000


Overall Loss/profit percent = × 100%


= ×100 = 13.5%


∴ overall profit percent is 13.5 %


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