Reshma purchased 120 chairs at price of Rs 110 per chair He sold 30 chairsat a profit of Rs 12 per c...........

Quantitative Aptitude ( CCS) Profit and loss

Reshma purchased 120 chairs at price of Rs. 110 per chair. He sold 30 chairsat a profit of Rs. 12 per chair and 75 chairs at profit of Rs. 14 per chairs. The remaining chairs were sold at a loss of Rs. 7 per chairs. What is the average profit per table?

Rs 10.56

Rs 10.87

Rs 12.123

Rs 12.67

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Explanation:

Total C.P = Rs. (120 x 110) =Rs. 13200.
Total S.P = Rs.[(30 x 110 + 30 x 12) + (75 x 110 + 75 x 14) + (15 x 110 – 15 x 7)
=Rs..14505
Average profit = Rs. (14505 – 13200) /120
= Rs. 1305/120= 10.875