Afsar Chacha made two wooden chairs with same prize and he put the market price for each chair as rupees - Maths - Number Systems

Question

Afsar Chacha made two wooden chairs with same prize and he put the
market price for each chair as rupees 1250 He made a profit of 15%
by selling one chair at 8% discount if he sold the second chair at
rupees 1120 then let us calculate his overall percentage of
profit

Please help me to solve this question Chapter profit and loss

Gursheen Kaur · Accepted Answer

Solution

Let the CP of each chair = Rs xConsider the first chair on which he gets profit of 15% at a discount of 8%
MP of first chair = Rs 1250Rate of dicount = 8%Discount = 8% of Rs 1250 = 8100×1250 = Rs 100SP of first chair = MP - discount = 1250 - 100 = Rs 1150Profit on first chair = 15%Now, profit% = profitCP×100%⇒15 = profitx×100⇒20Profit = 3x⇒20SP - CP = 3x⇒201150 - x = 3x⇒23000 - 20x = 3x⇒23x = 23000⇒x = 1000So, CP of each chair = Rs 1000Total CP of both chairs = Rs 2000Now, SP of second chair = Rs 1120So, SP of both chairs = 1150 + 1120 = Rs 2270Since total SP > total CP, so there is a profitNow, profit = Total SP - total CP = 2270 - 2000 = Rs 270profit % = profittotal CP×100% = 2702000×100% = 13
5%