Question

Mahendra bought 20 dining tables for Rs. 12,000 and sold them at a profit equal to the selling price of 4 dining tables. The selling price of 1 table is:

• A. Rs. 550
• B. Rs. 650
• C. Rs. 750
• D. Rs. 850

Hint:

When selling at a profit related to the selling price, set up an equation using total cost and solve for the selling price per unit.

Answer 1

The Correct Option is C

Given: - Cost price of 20 tables = Rs. 12,000. - CP of 1 table: \[ \text{CP of 1 table} = \frac{12000}{20} = 600 \] - Total profit = Selling price of 4 tables. - Let SP of 1 table be Rs. x. Total SP: \[ \text{Total SP} = \text{Total CP} + \text{Profit} \] \[ = 12000 + 4x \] Since 20 tables were sold: \[ 20x = 12000 + 4x \] Solving for \( x \): \[ 20x - 4x = 12000 \] \[ 16x = 12000 \] \[ x = \frac{12000}{16} = 750 \]
Thus, the correct answer is Rs. 750.