Ram bought 20 tables $120000 and sold these at a profit equal to selling price of 4 tables.Find the S.P.of one

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Ram bought 20 tables $120000 and sold these at a profit equal to selling price of 4 tables.Find the S.P.of one

please give the solution

2007-12-30 08:14:01 · 2 answers · asked by ans karunagappally 1 in Science & Mathematics ➔ Mathematics

2 answers

S = selling price of one table

Total Profit = Total Revenue - Total Cost

= 20 * S - 120000

Total Profit = 4 * S

Set the two profit relations equal to each other:

20S - 120000 = 4S

16 S = 120000

S = $7500

Ram makes a profit of $1500 per table, or $30,000 for the entire lot of 20 (4 * $7500 = $30,000)

2007-12-30 16:52:53 · answer #1 · answered by The K-Factor 3 · 0⤊ 0⤋

what is sp?

2007-12-30 08:42:16 · answer #2 · answered by ViewtifulJoe 4 · 0⤊ 0⤋