Question

A trader buys a chair for Rs. 600 and sells it for Rs. 765 at a credit of 4 months. Reckoning money worth 6% p.a, his gain percent is :

• A. 20%
• B. $22\frac{1}{2}\%$
• C. 25%
• D. $27\frac{1}{2}\%$

Answer 1

The correct option is C 25%

According to the question
$C.P=600+(600\times \frac{6}{100}\times \frac{4}{12})=612Rs.$
$S.P=765Rs.$
$Profit=765-612=153Rs.$
$Profitpercent=\frac{153}{612}\times 100=25$