A man sold 250 chairs and had a profit equal to the selling price of 50 chairs. His profit percent is
The correct choice is: 25% Profit = SP of 250 chairs − CP of 250 chairs = SP of 50 chairs, so CP of 250 chairs = SP of 200 chairs. Taking SP of one chair as 1: profit = 50,…
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A man sold 250 chairs and had a profit equal to the selling price of 50 chairs. His profit percent is
Answer and explanation
Correct answer D
The correct choice is: 25%
Profit = SP of 250 chairs − CP of 250 chairs = SP of 50 chairs, so CP of 250 chairs = SP of 200 chairs.
Taking SP of one chair as 1: profit = 50, cost = 200.
Profit % = . Hence the answer is 25%.
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NCHM Joint Entrance Examination (NCHM JEE)