A shopkeeper purchased 10 chairs at the rate of ₹1,450 per chair and spent ₹600 as cartage. For how much should be sell each chair to earn 10% profit?
Given,
Number of chairs = 10
Cost price of each chair = ₹1450
Total cost price of 10 chairs = $$1450\times\ 10=14500$$
Shopkeeper spent ₹600 on cartage
now, the total effective cost of chairs = ₹14500 + ₹ 600 = ₹15100
Effective cost price of each chair = $$\frac{15100}{10}=₹1510$$
Selling price of each chair to earn 10% profit = $$1510\times\ \frac{110}{100}=\ ₹1661$$
Hence, Option B is correct.
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