Profit and Loss Practice Test 4

Question : 24 of 40

Marks: +1, -0

Gopal bought 12 tables for Rs. 12000 and sold them at a profit equal to the cost price of 4 tables.Then find the selling price of 1 table.

Solution:

Cost price of 1 table =

12000/12

= Rs. 1000
Hence, S.P. of 1 table =

{16 ×1000}/12

= Rs. 1333.33

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