📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    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?
    A 32 Correct Answer Incorrect Answer
    B 45 Correct Answer Incorrect Answer
    C 40 Correct Answer Incorrect Answer
    D 25 Correct Answer Incorrect Answer

    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

    Practice Next

    Relevant for Exams:

    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call