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In a furniture shop, 24 tables were bought at the rate of ?450 per table. The shopkeeper sold 16 of them at the rate of ?600 per table and the remaining at the rate of 400 per table. Find her gain or loss percent

Solution:

Given, 24 tables were bought at the rate of ?450 per table from a furniture shop.

The shopkeeper sold 16 tables at the rate of ?600 per table

The shopkeeper sold remaining tables at the rate of ?400 per table

We have to find the gain or loss percent.

According to the question,

CP of 1 table = ?450

CP of 24 tables = ?450 × 24 = ?10800

SP of 16 tables = ?600 × 16 = ?9600

Remaining tables = 24 - 16 = 8

SP of 8 tables = ?400 × 8 = ?3200

Total SP = ?9600 + ?3200 = ?12800

Since SP > CP, it is profit.

We know, Profit = SP - CP

= 12800 - 10800

Profit = ?2000

We know, Profit% = Profit/CP × 100

= 2000/10800 × 100

= 2000/108

= 18.51%

Therefore, the required value is 18.51%

✦ Try This: In a furniture shop, 30 chairs were bought at the rate of ?250 per chair. The shopkeeper sold 15 of them at the rate of ?100 per chair and the remaining at the rate of ?49 per chair. Find her gain or loss percent.

☛ Also Check: NCERT Solutions for Class 7 Maths Chapter 8

NCERT Exemplar Class 7 Maths Chapter 7 Problem 104

In a furniture shop, 24 tables were bought at the rate of ?450 per table. The shopkeeper sold 16 of them at the rate of ?600 per table and the remaining at the rate of 400 per table. Find her gain or loss percent

Summary:

In a furniture shop, 24 tables were bought at the rate of ?450 per table. The shopkeeper sold 16 of them at the rate of ?600 per table and the remaining at the rate of ?400 per table. The gain percent is 18.51%

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