Afsarchacha made two wooden chair with same price and he put the market price for each
chair as Rs. 1250. He made a profit of 15% by selling one chair at 8% discount. If he sold the second chair at Rs. 1120, then let us calculate his over-all percentage of profit ?
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Verified answer
Total gain percentage on both the chairs = 13.5%
Step-by-step explanation:
we have given,
First chair
second chair
We have to the cost price of both the chairs
Let's assume that cost price = 100
Selling price = cost price + profit
selling price = 100+15 =115
Markup price = selling price + discount on Markup price
Marked price = 115 × 92/100=125
And ,125 = 1250
which means cost price = > 100 = 1000
First chair sold at 15%
Selling price = cost price + profit
second chair sold at = 1120
Total profit = 150+120=270
Total percentage gain at the selling of both chair
Answer = 13.5%
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