A person sold a chair at a profit of 15%. Had he sold it for 607.50 more, he would have gained x%. If the cost price of the chair is 3750, then the value of x%?
Answer & explanation
Correct answer: option 2
P% = \(\frac{607.50}{3750}\) × 100 = 16.2%
x% = 15% + 16.2% = 31.2%