Question Details

The cost price of a table and a chair together is Rs 400. The table is sold at a profit of 25% and the chair is sold at a profit of 25%. Find the total selling price (in Rs) of both items together.

Options

A

500

B

480

C

550

D

620

E

None of these

Show Answer

Correct Answer :

Option A

500

Solution :

The correct answer is 500.

Step 1: Understand the given information
Total cost price of the table and chair together = Rs 400.
Profit percentage on the table = 25%
Profit percentage on the chair = 25%

Step 2: Calculate the overall profit
Since both the table and the chair are sold at the same profit percentage of 25%, the overall profit percentage on the combined cost price of both items will also be 25%.

To find the total profit amount in Rupees:

Total Profit=25% of 400

Total Profit=25100×400=100

So, the total profit earned on selling both items is Rs 100.

Step 3: Calculate the total selling price
The selling price is equal to the total cost price plus the total profit earned.

Total Selling Price=Total Cost Price+Total Profit

Total Selling Price=400+100=500

Thus, the total selling price of both items together is Rs 500.

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