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A person sold a chair and a table each in an amount of Rs.15000. At table he got a profit of 20% and at chair he lost 25%. Find how much was his total profit or loss?
  • a)
    Profit of Rs 3000
  • b)
    Loss of Rs 3000
  • c)
    Profit of Rs 2500
  • d)
    Loss of Rs 2500
  • e)
    None of these
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
A person sold a chair and a table each in an amount of Rs.15000. At ta...
Understanding the Problem
A person sold both a chair and a table for Rs. 15000 each. The table sale resulted in a profit of 20%, while the chair sale incurred a loss of 25%. We need to determine the overall profit or loss from these transactions.
Calculating Cost Price of the Table
- Selling Price (SP) of the table = Rs. 15000
- Profit Percentage = 20%
Using the formula:
Cost Price (CP) = SP / (1 + Profit Percentage)
- CP of the table = 15000 / (1 + 0.20)
- CP of the table = 15000 / 1.20
- CP of the table = Rs. 12500
Calculating Cost Price of the Chair
- Selling Price (SP) of the chair = Rs. 15000
- Loss Percentage = 25%
Using the formula:
Cost Price (CP) = SP / (1 - Loss Percentage)
- CP of the chair = 15000 / (1 - 0.25)
- CP of the chair = 15000 / 0.75
- CP of the chair = Rs. 20000
Finding Total Cost Price
- Total CP = CP of table + CP of chair
- Total CP = 12500 + 20000
- Total CP = Rs. 32500
Finding Total Selling Price
- Total SP = SP of table + SP of chair
- Total SP = 15000 + 15000
- Total SP = Rs. 30000
Calculating Overall Profit or Loss
- Overall Loss = Total CP - Total SP
- Overall Loss = 32500 - 30000
- Overall Loss = Rs. 2500
Thus, the correct answer is:
Loss of Rs. 2500 (Option D).
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A person sold a chair and a table each in an amount of Rs.15000. At ta...
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A person sold a chair and a table each in an amount of Rs.15000. At table he got a profit of 20% and at chair he lost 25%. Find how much was his total profit or loss?a)Profit of Rs 3000b)Loss of Rs 3000c)Profit of Rs 2500d)Loss of Rs 2500e)None of theseCorrect answer is option 'D'. Can you explain this answer?
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A person sold a chair and a table each in an amount of Rs.15000. At table he got a profit of 20% and at chair he lost 25%. Find how much was his total profit or loss?a)Profit of Rs 3000b)Loss of Rs 3000c)Profit of Rs 2500d)Loss of Rs 2500e)None of theseCorrect answer is option 'D'. Can you explain this answer? for Quant 2025 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A person sold a chair and a table each in an amount of Rs.15000. At table he got a profit of 20% and at chair he lost 25%. Find how much was his total profit or loss?a)Profit of Rs 3000b)Loss of Rs 3000c)Profit of Rs 2500d)Loss of Rs 2500e)None of theseCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Quant 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A person sold a chair and a table each in an amount of Rs.15000. At table he got a profit of 20% and at chair he lost 25%. Find how much was his total profit or loss?a)Profit of Rs 3000b)Loss of Rs 3000c)Profit of Rs 2500d)Loss of Rs 2500e)None of theseCorrect answer is option 'D'. Can you explain this answer?.
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