Practicing Success
A man sold 150 chairs and had a gain equal to selling price of 25 chairs. Find his profit percentage. |
18% 15% 20% 13% |
20% |
According to the question, Let CP = cost price of 1 chair SP = selling price of 1 chair Profit = 25 x SP Total CP = 150 x CP Profit = 150 x SP - 150 x CP = 25 x SP 150CP = 125SP CP : SP = 5 : 6 Profit percentage = $\frac{1}{5}$ x 100 = 20% |