Ram purchases a chair at $R s .70$ and spent $R s .17$ on its repair and $50$ paise on cartage. If he sold the chair at $R s .100$ then his approximate margin of profit will be ?

13.30

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11.25

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12.5

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14.3

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Solution

The correct option is D $14.3$ %
$P r o f i t % = \frac{S P - C P}{C P} \times 100$

$= \frac{100 - 87.5}{87.5} \times 100$

$= 14.3 %$

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Ram purchases a chair at Rs.70 and spent Rs.17 on its repair and 50 paise on cartage. If he sold the chair at Rs.100 then his approximate margin of profit will be ?

The correct option is D 14.3%Profit %=SP−CPCP×100 =100−87.587.5×100 =14.3%

Ram purchases a chair at $R s .70$ and spent $R s .17$ on its repair and $50$ paise on cartage. If he sold the chair at $R s .100$ then his approximate margin of profit will be ?

The correct option is D $14.3$ %
$P r o f i t % = \frac{S P - C P}{C P} \times 100$

$= \frac{100 - 87.5}{87.5} \times 100$

$= 14.3 %$