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    Question

    The cost price of a chair is Rs. 800. A vendor purchased 10

    such chairs and sold 3 at 10% profit, 4 at 15% profit and the rest for Rs. 880 each. What is the total profit made by the vendor?
    A Rs.2250 Correct Answer Incorrect Answer
    B Rs.1325 Correct Answer Incorrect Answer
    C Rs.960 Correct Answer Incorrect Answer
    D Rs.1550 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Total selling price of chairs = (3 × 800 × 1.10) + (4 × 800 × 1.15) + (3 × 880) = 2640 + 3680 + 2640 = Rs. 8,960

    And, total cost price = 800 × 10 = Rs. 8,000

    So, profit earned = 8960 - 8000 = Rs. 960

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