Question 40

In questions 24 to 59, fill in the blanks to make the statements true.
Devangi buys a chair for Rs. 700 and sells it for Rs. 750. She earns a profit of ___ % in the transaction.

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Solution

Given, CP of chair = Rs. 700
and SP of chair = Rs. 750
We know that, Profit = SP - CP = 750 - 700 = Rs. 50
Also, Profit % $= \frac{P r o f i t}{C P} \times 100 % = \frac{50}{700} \times 100 % = 7 \frac{1}{7} %$
Hence, profit earned by Devangi is $7 \frac{1}{7} %$ .

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Question 40 In questions 24 to 59, fill in the blanks to make the statements true. Devangi buys a chair for Rs. 700 and sells it for Rs. 750. She earns a profit of ___ % in the transaction.

Given, CP of chair = Rs. 700 and SP of chair = Rs. 750 We know that, Profit = SP - CP = 750 - 700 = Rs. 50 Also, Profit % =ProfitCP×100%=50700×100%=717% Hence, profit earned by Devangi is 717%.

Question 40

In questions 24 to 59, fill in the blanks to make the statements true.
Devangi buys a chair for Rs. 700 and sells it for Rs. 750. She earns a profit of ___ % in the transaction.

Given, CP of chair = Rs. 700
and SP of chair = Rs. 750
We know that, Profit = SP - CP = 750 - 700 = Rs. 50
Also, Profit % $= \frac{P r o f i t}{C P} \times 100 % = \frac{50}{700} \times 100 % = 7 \frac{1}{7} %$
Hence, profit earned by Devangi is $7 \frac{1}{7} %$ .