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Problem: A carpenter made a table which cost him Rs 1500 . He decided the price so that he would get 20 % profit. He gave 8 % commission on the decided price while selling. Find the sales price of the table and the profit of the carpenter. [ Calculator, Method and examples ]

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Your problem -> A carpenter made a table which cost him Rs 1500 . He decided the price so that he would get 20 % profit. He gave 8 % commission on the decided price while selling. Find the sales price of the table and the profit of the carpenter.

A carpenter decided the price so that he would get 20 % profit

Decided Price = C.P. + Profit = 100 + 20 = 120 .

 C.P. Decided Price 100 120 1500 ?

Decided price = 120 × 1500/100 = 1800

:. Decided price = 1800

He gave 8 % commission on the decided price

S.P. = Decided price - commission = 100 - 8 = 92

 Decided Price S.P. 100 92 1800 ?

S.P. = 92 × 1800/100 = 1656

:. the sales price is Rs 1656

Profit = "S.P." - "C.P." = 1656 - 1500 = 156

:. Profit is Rs 156

 C.P Profit 1500 156 100 ?

Profit = 156 × 100/1500 = 10.4

:. the sales price of the table is Rs 1656 and the profit of carpenter is 10.4 %

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