A person buys 5 tables and 9 chairs for Rs.15,400. He sells the tables at 10% profit and chairs at 20% profit. If his total profit on selling all the tables and chairs is Rs.2,080, what is the cost price of 3 chairs?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e Rs.1,800.
| Understanding/Application |
|
Let the cost price of one table and one chair be Rs. x and Rs. y respectively. 5x + 9y = 15400 ...1 According to the question 5x × (10/100) + 9y × (20/100) = 2080 5x/10 + 18y/10 = 2080 5x + 18y = 20800 ...2 |
|
Subtract equation (1) from equation (2). 9y = 5400 3y = 1800 Cost of 3 chairs are Rs. 1,800. |