Home
Class 8
MATHS
A dealer buys 50 chairs for Rs 50,000 bu...

A dealer buys 50 chairs for Rs 50,000 but 20 of them are damaged. He decides to sell each damaged one at three fourths the price of the normal one. What should this price be in order that he may make a profit of 35% on the whole transaction?

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Determine the Cost Price of One Chair The dealer buys 50 chairs for Rs 50,000. **Cost Price of 50 chairs = Rs 50,000** **Cost Price of 1 chair = Total Cost Price / Number of Chairs** Cost Price of 1 chair = Rs 50,000 / 50 = Rs 1,000 ### Step 2: Calculate Selling Price of Damaged Chairs 20 chairs are damaged, and the dealer decides to sell each damaged chair at three-fourths the price of a normal chair. **Selling Price of 1 damaged chair = (3/4) * Cost Price of 1 chair** Selling Price of 1 damaged chair = (3/4) * Rs 1,000 = Rs 750 Now, calculate the total selling price for the 20 damaged chairs: **Total Selling Price of 20 damaged chairs = 20 * Selling Price of 1 damaged chair** Total Selling Price of 20 damaged chairs = 20 * Rs 750 = Rs 15,000 ### Step 3: Calculate Required Selling Price for Profit The dealer wants to make a profit of 35% on the whole transaction. **Profit Percentage = 35%** **Total Cost Price = Rs 50,000** **Required Selling Price (SP) for 35% profit = Cost Price + Profit** Profit = (Profit Percentage / 100) * Cost Price Profit = (35 / 100) * Rs 50,000 = Rs 17,500 Now, calculate the total required selling price: **Required Selling Price = Cost Price + Profit** Required Selling Price = Rs 50,000 + Rs 17,500 = Rs 67,500 ### Step 4: Calculate Selling Price of Undamaged Chairs We know the total selling price of the 20 damaged chairs is Rs 15,000. **Total Selling Price of 50 chairs = Rs 67,500** **Selling Price of 30 undamaged chairs = Total Selling Price - Selling Price of 20 damaged chairs** Selling Price of 30 undamaged chairs = Rs 67,500 - Rs 15,000 = Rs 52,500 ### Step 5: Calculate Selling Price of One Undamaged Chair Now, we need to find the selling price of one undamaged chair. **Selling Price of 1 undamaged chair = Total Selling Price of 30 undamaged chairs / Number of undamaged chairs** Selling Price of 1 undamaged chair = Rs 52,500 / 30 = Rs 1,750 ### Final Answer The price at which the dealer should sell each undamaged chair to make a profit of 35% is **Rs 1,750**. ---
Promotional Banner

Topper's Solved these Questions

  • PRACTICAL GEOMETRY (CONSTRUCTIONS)

    RD SHARMA ENGLISH|Exercise All Questions|39 Videos
  • RATIONAL NUMBERS

    RD SHARMA ENGLISH|Exercise All Questions|186 Videos

Similar Questions

Explore conceptually related problems

Thirty articles are bought at Rs 450 each. If one-third of these articles be sold at 6% loss, at what price must each of the remaining articles be sold in order to make a profit of 10% on the whole ?

A dealer buys an article for Rs 380. At what price must he mark it so that after allowing a discount of 5%, he still makes a profit of 25%?

A dealer bought two tables for Rs 3120. He sold one of them at a loss of 15% and other at a gain of 36%. Then he found that each table was sold for the same price. Find the cost price of each table.

Harish purchased 50 dozen bananas for Rs 135. Five dozen bananas could not be sold because they were rotten. At what price per dozen should Harish sell the remaining bananas so that he makes a profit of 20%?

A man bought a certain number of chairs for Rs 10,000. He kept one for his own use and sold the rest at the rate Rs 50 more than he gave for one chair. Besides getting his own chair for nothing, he made a profit of Rs 450. How many chairs did he buy ?

RD SHARMA ENGLISH-PROFIT, LOSS, DISCOUNT AND VALUE ADDED TAX (VAT)-All Questions
  1. A man bought an article and sold it at a gain of 10%. If he had boug...

    Text Solution

    |

  2. By selling a towel for Rs 126.90, a draper loses 6%. For how much sh...

    Text Solution

    |

  3. A dealer buys 50 chairs for Rs 50,000 but 20 of them are damaged. He d...

    Text Solution

    |

  4. By selling a stool for "Rs 67.50",  a carpenter loses 10%. How much ...

    Text Solution

    |

  5. Three items are purchased at Rs 4500 each. One of them is sold at a...

    Text Solution

    |

  6. By reducing the selling price of an article by Rs 50, a gain of 5% ...

    Text Solution

    |

  7. A student buys a pen for Rs 90 and sells it for Rs 100. Find his ga...

    Text Solution

    |

  8. Rehka bought a sareee for Rs 1240 and sold it for Rs 1147. Find her ...

    Text Solution

    |

  9. A boy buys 9 apples for Rs 9.60 and sells them at 11 for Rs 12. Find...

    Text Solution

    |

  10. The cost price of 10 articles is equal to the selling price of 9 ar...

    Text Solution

    |

  11. A retailer buys a radio for Rs. 225. His overhead expenses are Rs. ...

    Text Solution

    |

  12. A retailer buys a cooler for Rs 1200 and overhead expenses on it are...

    Text Solution

    |

  13. A dealer buys a wristwatch for Rs 225 and spends Rs 15 on its on it...

    Text Solution

    |

  14. Ramesh bought two boxes for Rs 1300. He sold one box at a profit of...

    Text Solution

    |

  15. If the selling price of 10 pens is equal to cost price of 14 pens, ...

    Text Solution

    |

  16. If the cost price of 18 chairs be equal to selling price of 16 chai...

    Text Solution

    |

  17. If the selling price of 18 oranges is equal to the cost price of 16...

    Text Solution

    |

  18. Ravish sold his motorcycle to Vineet at a loss of 28%. Vineet spent...

    Text Solution

    |

  19. By selling a book for 258, a bookseller gains 20%. For how much sho...

    Text Solution

    |

  20. A defective briefcase costing Rs 800 is being sold at a loss of 8%....

    Text Solution

    |