Question
Sachin sold 152 chairs and had a gain equal to the
selling price of 52 chairs. What is his profit percentage?Solution
Let the selling price of 1 chair = ₹1 (assumption for ease). Then: Total SP of 152 chairs = ₹152 Given profit = SP of 52 chairs = ₹52 So, Cost Price (CP) of 152 chairs = SP − Profit = 152 − 52 = ₹100 Now calculate profit percentage: Profit % = (Profit / CP) × 100 = (52 / 100) × 100 = 52%
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