A chair and a table cost Rs 1800. If by selling the table at 15% profit, and the chair at 10% loss, atotal profit of 6% is made. What is the cost price of a chair?

A chair and a table cost Rs 1800. If by selling the table at 15% profi

1.	A chair and a table cost Rs 1800. If by selling the table at 15% profit, and the chair at 10% loss, atotal profit of 6% is made. What is the cost price of a chair?
Answer» For a chair and a table costing Rs 1800 where the table is sold at 15% profit and the chair is sold at 10% loss having a total profit of 6% overall, the cost price of the chair is Rs 648. A profit or loss is the difference between the cost price and the selling price. If the cost price is more than the selling price, then the transaction results in a loss, whereas if the selling price is more than the cost price then the transaction results in a profit.