Profit and Loss Practice Test 5

Question : 13 of 40

Marks: +1, -0

A man sold 250 chairs and had a gain equal to the selling price of 50 chairs. His profit per cent on the selling price:

Solution:

\table \Quantity ,\Price ,\SP;250, x ,250x;50, x, 50x

Cost price of 250 chairs = 250x - 50 x = 200x
Profit per cent on selling price

={250x-200x}/{250x} ×100=20%

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