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A shopkeeper sold 8 chairs at a profit of 20% and 6 chairs at a profit of 10%. Had he sold all the 14 chairs at a profit of 12%, his profit would have been reduced by Rs. 442. What is the cost price of each chair? (cost of each chair is same)
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- 850 Rs.
If cost price of each chair=x Rs., then
Given, [(8*x*120/100) + (6*x*110/100)] -(14*x*112/100) =442
On solving x=850 - 8 years agoHelpfull: Yes(2) No(3)
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