The selling price of one chair and one table is Rs.480 each. If the chair is sold at a loss of 25\% and the table is sold at a profit of 60\%, what is the difference between the cost price of the chair and the table?

Question

Accepted Answer

**Solution:**

1. Let the cost price of the chair be $ C_c $ and the cost price of the table be $ C_t $.

2. The chair is sold at a loss of 25\%, so the selling price of the chair is:
   
   $$\text{SP of chair} = C_c - 0.25 C_c = 0.75 C_c$$

Given the selling price is Rs.480, so:

$$0.75 C_c = 480 \implies C_c = \frac{480}{0.75} = 640$$

3. The table is sold at a profit of 60\%, so the selling price of the table is:

$$\text{SP of table} = C_t + 0.60 C_t = 1.60 C_t$$

Given the selling price is Rs.480, so:

$$1.60 C_t = 480 \implies C_t = \frac{480}{1.60} = 300$$

4. The difference between the cost prices is:

$$|C_c - C_t| = |640 - 300| = 340$$

**Answer:** Rs.340

Answer

Answer

Answer

Answer