Multiple choice

Mohan bought $20$ tables for Rs. $12,000$ and sold them at a profit equal to the cost price of $4$ tables. Then the selling price of $1$ table is

  1. Rs. $ 720$
  2. Rs. $ 650$
  3. Rs. $ 550$
  4. Rs. $ 500$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Total cost = 12,000 for 20 tables. Cost per table = 600. Profit = cost of 4 tables = 4 * 600 = 2,400. Total selling price = 12,000 + 2,400 = 14,400. Selling price per table = 14,400 / 20 = 720.

AI explanation

The cost price of one table is 12000 divided by 20, which equals 600. The total profit is the cost price of 4 tables, calculated as 4 multiplied by 600 to equal 2400. The total selling price for 20 tables is 12000 plus 2400 to equal 14400, making the selling price of one table 14400 divided by 20, which equals 720. The result is Rs. 720.

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