The cost of a table exceeds that of a chair by ₹5,000. If the combined price of 16 tables and 14 chairs amounts to ₹2,00,000, determine by what percentage the price of a chair is less than the price of a table.
Show answer & explanation
Correct answer: D
Explanation
Given:
Table = Chair + 5000
16 Tables + 14 Chairs = 200,000
Let Chair = x
Table = x + 5000
16(x + 5000) + 14x = 200,000
16x + 80,000 + 14x = 200,000
30x = 120,000
x = 4000
Table = 4000 + 5000 = 9000
Percentage Decrease = (9000 − 4000) / 9000 × 100 = 55.56%