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Answer :
Answer:
25 chairs
Step-by-step explanation:
If 40 chairs are bought for Rs 10000 then how many chairs must be sold for Rs 10000 so as to gain 60%?
The percent gain = 60%
Number of chairs to be sold = x
Hence:
40 chairs = 10,000
60/100= 40 - x/x × 100
0.6= 40 - x/x
Cross Multiply
0.6x = 40 - x
0.6x + x = 40
1.6x = 40
x = 40/1.6
x = 25 chairs
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Rewritten by : Barada
To achieve a 60% profit margin, the selling price per chair should be Rs 400. Therefore, to gain Rs 10,000 at this rate, a total of 25 chairs must be sold.
The question is related to profit calculation and unit cost pricing in the context of selling chairs. Initially, 40 chairs are bought for Rs 10,000, which means the cost per chair is Rs 10,000 divided by 40, which equals Rs 250 per chair. To make a 60% profit on the sale of chairs, we need to sell them at 160% of the original cost (100% + 60% profit).
So, the selling price per chair to make a 60% profit would be Rs 250 imes 1.60 = Rs 400 per chair. Now, if the goal is to gain Rs 10,000 by selling chairs at Rs 400 each, we divide the target gain by the selling price per chair. Hence, the number of chairs to be sold for Rs 10,000 to gain 60% would be Rs 10,000 divided by Rs 400, which equals to 25 chairs.
