Question
On selling 32 chairs at Rs. 2800, there is a loss equal
to the cost price of 4 chairs. The cost price of a chair is:Solution
SP of 32 chairs = Rs. 2800 Then, SP of 1 chair = 2800/32 = 87.5 Let the cost price of one chair be CP. Loss occurred due to selling 32 chairs = cost price of 4 chairs L × 32 = 4 × CP L = CP/8 SP = CP - L 87.5 = CP - CP/8 CP × (7/8) = 87.5 CP = Rs. 100 ∴ Cost price of each chair be Rs 100.
Who has won the Abu Dhabi Grand Prix 2021?
Which Tata Group Chairman has been awarded France's highest civilian award Chevalier de la Legion d'honneur?
Global financial markets infrastructure and data provider London Stock Exchange Group (LSEG) will be establishing a technology centre of excellence (CoE...
- At which global event was the ‘CA in Public Service’ Award presented to DK Kedia?
Who launched the e-SEHAT app for digital healthcare in Jammu and Kashmir?
What policy is the Ministry of Finance planning to implement to improve the efficiency of Regional Rural Banks (RRBs)?
Who founded the East India Association in London?
Which of the following statements is true about the trade status of Japan and South Korea?
I. Â South Korea recently added Japan to its list of ...
What is the purpose of the agreement signed between Google Pay and NPCI International Payments?
On which date International Childhood Cancer Day is observed annually?
Relevant for Exams:
