Question

A man sold 250 chairs and had a gain equal to selling price of 50 chairs. His profit percent is :

• A. 5%
• B. 10%
• C. 25%
• D. 50%

Answer 1

The correct option is C 25%

Gain = (S.P. of 250 chairs) -(C.P. of 250 chairs).
$\therefore$ (S.P. of 250 chairs) - (C.P. of 250 chairs)
= S.P. of 50 chairs.
S.P. of 200 chairs = C.P. of 250 chairs.
Let C.P. of each chair be Rs. 1
C.P. of 200 chairs = Rs. 200
S.P. of 200 chairs = Rs. 250
$Gain\%=(\frac{50}{200}\times 100)\%=25\%.$