Rakesh bought 20 chairs for Rs.1000. He repaired and sold them at the rate of Rs.500 per pair. He got profit of Rs.100 per chair. How much did he spend on repairs?
Rs.1500
Rs.2000
Rs.2500
Rs.1800
Explanation:
Purchase price for 20 chairs=Rs. 1000
Repairs amount (to be determined) =Rs. X
Sales price for 20 chairs = Rs. 5000
Profit derived for 20 chairs = Rs. 2000
We have, (3) - [(1) + (2)] = (4).
? 5000 - (1000 + X) = 2000 => X = 2000
Purchase price for 20 chairs=Rs. 1000
Repairs amount (to be determined) =Rs. X
Sales price for 20 chairs = Rs. 5000
Profit derived for 20 chairs = Rs. 2000
We have, (3) - [(1) + (2)] = (4).
? 5000 - (1000 + X) = 2000 => X = 2000