In a furniture store , 24 tables were bought at the rate of Rs. 400 per table. The shopkeeper sold all the tables for Rs.10800. Find his gain % or loss %. u

In a furniture store , 24 tables were bought at the rate of Rs. 400 pe

1.	In a furniture store , 24 tables were bought at the rate of Rs. 400 per table. The shopkeeper sold all the tables for Rs.10800. Find his gain % or loss %. u
Answer» GAIN of 12.5 %Step-by-step explanation:Rate of CHAIRS = 400 per chairtotal chairs bought = 24Cost Price of chairs = 24 X 400= Rs. 9,600Selling Price of Chairs = Rs. 10,800Since, SP > CPTherefore, its a Profit/Gain of = SP - CP= Rs. (10800 - 9600)= Rs. 1200Now, Profit % = (Profit÷CP) X 100= (1200÷9600) X 100= 0.125 X 100= 12.5 %