A shopkeeper bought a table for ₹4,600 and a chair for ₹1,800. He sells the table with 10% gain and the chair with 6% gain. Find the overall gain percentage. |
$7\frac{3}{4}$ $8\frac{7}{8}$ 8 16 |
$8\frac{7}{8}$ |
If there is a profit of x percent that means it is (100 + x)% of the cost price ATQ, Cost price of the table = 4,600 Cost price of the chair = 1,800 Now the selling price of the table at 10% profit = 10% of 4600 = 460 selling price of the chair at 6% profit = 6% of 1800 = 108 Total percentage of profit = \(\frac{460 + 108}{4600 + 1800}\) × 100 = $8\frac{7}{8}$% |