A man bought a chair for ₹580. At what price should he sell the chair so as to gain 25%?
Answer & explanation
Correct answer: option 2
CP of the chair = ₹580
25% = \(\frac{1}{4}\)
At 25% profit the SP will be = \(\frac{580 × 5}{4}\) = ₹725
A man bought a chair for ₹580. At what price should he sell the chair so as to gain 25%?
Correct answer: option 2
CP of the chair = ₹580
25% = \(\frac{1}{4}\)
At 25% profit the SP will be = \(\frac{580 × 5}{4}\) = ₹725