Question
How many chairs must be sold for Rs. 25,600 to achieve a
25% profit, given that 50 chairs were originally purchased for the same amount?Solution
Cost price of each chair = (25,600/50) = Rs. 512 Let 'x' number of chairs are sold for Rs. 25,600 at a profit of 25% ATQ: (512 X x) X 1.25 = 25,600 Or, 640x = 25,600 Or, x = 25,600 ÷ 640 Or, x = 40
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