Q.22 A shopkeeper bought 20 chairs for Rs 18,000. On selling them he had a gain equal to the selling price of four chairs. What is the selling price of each chair?
This questions was previously asked in
ssc cgl 2023 pre
Rs 1,200
Incorrect AnswerRs 1,250
Incorrect AnswerRs 1,175
Incorrect AnswerExplanation:
Let's break down the problem:
- The shopkeeper bought 20 chairs for Rs 18,000.
- Therefore, the cost price of each chair = Rs 18,000 / 20 = Rs 900.
- He made a gain equal to the selling price of four chairs.
- Let the selling price of each chair be X.
- Total selling price of 20 chairs = 20X.
- According to the problem, gain = selling price of four chairs = 4X.
- Gain = Total selling price - Total cost price.
- Therefore, 4X = 20X - 18,000.
- Solving for X: 16X = 18,000 ? X = 18,000 / 16 = 1,125.
- Correct Answer: Rs 1,125
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By: Parvesh Mehta