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A man sold 200 chairs and had a gain equal to selling price of 40 chairs. What is his profit percentage? 1). 202). 253). 104). 15 |
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Answer» Let, cost PRICE of each chair = Rs. X Selling price of each chair = Rs. y According to problem, ⇒ 200y - 200X = 40y ⇒ 160y = 200x ⇒ y = 5x/4 ∴ Profit percentage, $( \Rightarrow \FRAC{{\frac{{5x}}{4} - x}}{x} \times 100\% )$ ⇒ ¼ × 100% ⇒ 25% |
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