A man buys a chair and table for Rs. 6000. He sells the chair at a loss of 10% and the table at gain of 10%. He still gains Rs. 100 on the whole. Cost price of chair is:

A. Rs. 2500 B. Rs. 2850 C. Rs. 3050 D. Rs. 3500 Answer: Option A
Show Answer

Solution(By Apex Team)

If the CP of the chair be Rs. x then, Total SP = $\frac{\mathrm{x} \times 90}{100}+\left((6000-\mathrm{x}) \times \frac{110}{100}\right)$ Or, 9x + 66000 – 11x = 61000 Or, 2x = 66000 – 61000 = 5000 Or, x = Rs. 2500

Related Questions on Profit and Loss

A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price and the printed price of the book is:

A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
Show Answer

By selling a bicycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the selling price will be:

A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
Show Answer

A sells an article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction:

A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
Show Answer

A person sold a horse at a gain of 15%. Had he bought it for 25% less and sold it for Rs. 600 less, he would have made a profit of 32%. The cost price of the horse was.

A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
Show Answer

More Related Questions on Profit and Loss

प्रातिक्रिया दे