A shopkeeper bought 24 chairs at the rate of rs 45 per chair. he sold 16 of them at the rate of rs. 60 per chair and the remaining at the rate of 40 per chair .find gain or loss percent

Answers (1)
S safeer

Cost prise = 24 x 45=1080 rupees 

Selling prise = 60 x16+40 x 8=960+320=1280

    sp>cp

gain percentage is

\\=\frac{SP-CP}{C.P.}\times100\\\\=\frac{1280-1080}{1080}\times100=\frac{200}{1080}\times100=18.51\%

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