1.

The cost price of 400 chairs is equal to the selling price of 320 chairs. What is the profit percentages?1. 15%2. 20%3. 25%4. 40%

Answer» Correct Answer - Option 3 : 25%

Given:

Cost price of 400 chairs = Selling price of 320 chairs

Formula Used:

Profit percentage = {(SP – CP)/CP} × 100

Calculation:

Let CP of 1 chair be Rs. x

CP of 320 chairs = Rs. 320x

CP of 400 chairs = Rs. 400x

SP of 320 chairs = Rs. 400x

Profit percentage = (400x – 320x)/320x × 100 = 25%

∴ Profit% is 25%


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