A man bought a chair for ₹580. At what

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A man bought a chair for ₹580. At what price should he sell the chair so as to gain 25%?

Options:

₹1,080

₹725

₹590

₹820

Correct Answer:

₹725

Explanation:

CP of the chair = ₹580

25% = \(\frac{1}{4}\)

At 25% profit the SP will be = \(\frac{580 × 5}{4}\) = ₹725