Question

If the cost price of 18 chairs is equal to selling price of 16 chairs, then the gain percent is

• A. 12.5%
• B. 13%
• C. 13.5%
• D. 14%

Answer 1

Answer: (A)

12.5%

Let the cost price of $1$ chair be Rs $100$

cost price of $16$ chairs will be Rs $1600$

Cost price of $18$ chair will be Rs $1800$

Given that cost price of $18$ chairs will be equal to selling price of $16$ chairs

Gain on $16$ chairs will be $(1800-1600)=Rs200$

Gain Percent$=\frac{Gain}{CostPrice}\times 100$

$=\frac{200}{1600}\times 100$

$=12.5\%$

Gain percant will be $12.5\%$