Selva purchased 60 chairs at a price of Rs. 55 per chair. He sold 15 chairs at a profit of Rs. 6 per chair and 37 chair at a profit of Rs. 7 per chair. The remaining chairs were sold at a loss of RS.3 per chair. What is the average profit per chair?

1 Answer

Answer :

Total cost price = Rs(60*55) = Rs.3300

Total selling price = Rs [(15*55 + 15 * 6)+(37*55+37*7)+(8*55 - 8*30)]

= Rs. [ 915 + 2294 + 416]

= Rs.3625

Average profit = Rs[3625 – 3300/60]

= Rs.(325/60)

= Rs. 5.416

Therefore the average profit per chair is Rs 5.41.

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