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In a furniture shop, 24 tables were bought at the rate of Rs.450 per table. The shopkeeper sold 16 of them at the rate of Rs600 per table and the remaining at the rate of 400 per table. Find her gain or loss percent.

Answer
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Hint: In this question, we have to find the loss or gain percentage. For that we have to find whether the shopkeeper gets gain or loss. So let us first find out the total cost value for buying the tables. Then we will find the total selling price. With the help of it we will get the total loss or gain then we can find the required solution.

Complete step-by-step answer:
It is given that, in the furniture shop, 24tables were bought at the rate of Rs 450 per table.
Also, the shopkeeper sold 16of them at the rate of Rs600 per table and the remaining at the rate of 400per table.
We need to find out the loss or gain percentage.
Thus first we need to find out the total cost price.
The shopkeeper bought 24 tables at the rate of Rs 450 per table.
Therefore the total cost price =24×450=10800
The shopkeeper sold 16of them at the rate of Rs600 per table and the remaining that is2416=8 at the rate of 400per table. Thus the total selling price is = 16×600+8×400=12800
Since the selling price is greater than the cost price we can say that the shopkeeper gets gain on selling these chairs.
 Here gain is given by the formula, gain=sellingpricecostprice
Total gain is =1280010800=2000
We can gain percentage using the formula
gain%=gainCP×100
Therefore the gain % =200010800×100=18.51%

Hence the gain percent of the shopkeeper is 18.51%

Note: If the cost price is greater than the selling price then we can say that there is a loss for the shopkeeper and the amount of loss found using the formulaloss=CPSP.
Also while finding the gain percentage the gain amount must be placed in the numerator. We can also find the gain percentage by following method,
gain%=1280010800×100100
We get gain%=118.51100
That is gain%=18.51%
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